Households with a $750,000 loan to see their monthly repayments reduce by $115 if their banks adjust mortgage rate accordingly
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The treasurer and shadow treasurer have both applauded the Reserve Bank’s decision to cut the cash rate to 4.1%, with bipartisan support for the move that offers a reprieve to mortgage-saddled Australian households.
But the RBA governor, Michele Bullock, cautioned that the decision to cut was not a “lay-down misère” and that the board had an active debate over the issue.
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Source: https://www.theguardian.com/australia-news/2025/feb/18/rba-slashes-interest-rates-to-41-in-its-first-cut-since-the-early-days-of-the-pandemic
