Gee, imagine if they didn't cut the cash rate. This was one of the most hotly anticipated decisions in some time.
Bank economists and eggheads approached their forecasting with gusto, bluster, and confidence that this cut was all but signed, sealed delivered.
However, the RBA post-meeting statement reminded us that while inflation risks seem more balanced, there are still major uncertainties i.e. let's not get too ahead of ourselves.
Here are some of the most prominent banks' moves. We'll endeavour to keep this page updated as soon as the changes roll in.
Read what happened to home loans after February's cut.
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
The cuts also likely apply to subsidiary Bankwest.
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
The cuts also likely apply to subsidiaries BankSA, Bank of Melbourne, and St George.
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
The cuts will also likely apply to subsidiary Suncorp.
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
NGM Group comprises of Hunter-based customer-owned banks Newcastle Permanent and Greater Bank.
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
People First Bank comprises of both Heritage Bank and People's Choice after a merger in March 2023.
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
Also applies to subsidiaries UniBank, Firefighters Mutual, and Health Professionals.
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
| Who's Affected |
Date Announced |
Date Applies |
Rate Cut |
| New & existing variable-rate customers |
TBA |
TBA |
TBA |
Harrison Astbury
Editor and Financial Analyst
Harrison is a Research Analyst and Editor at InfoChoice. He is also the Assistant Editor at sister comparison site Savings.com.au. Together with Dominic Beattie, he co-hosts the Savings Tip Jar podcast, interviewing guests from some of the most prominent financial institutions in Australia.
Prior to joining the InfoChoice Group in January 2020, he worked for some of Australia's largest comparison sites and media organisations. With a keen interest in the economy, housing policy, and personal finance, Harrison strives to deliver and edit news and guides that are engaging, thought-provoking, and simple to read.
