BizSugar.com › Finance › RBA Cuts Interest Rates Again | Ocean Home Loans

The RBA has announced a 25 basis point cut to the official cash rate. This was widely anticipated and brings official interest rates down to an all-time low of 0.75% - the first time in history that it has ever had a 0 in front. Now, all eyes will be on the banks to see if they come to the party and reduce their