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 Last changes 22 May at 3pm.

Read what happened to home loans after February's cut.

Commonwealth Bank home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New & existing variable-rate customers 20 May 30 May 25bps

The cuts also apply to subsidiary Bankwest.

Westpac home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New & existing variable-rate customers 20 May 3 June 25bps

The cuts also apply to subsidiaries BankSA, Bank of Melbourne, and St George.

NAB home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New & existing variable-rate customers 20 May 30 May 25bps

NAB put its hand up this time to be first to move after the RBA announcement, mere minutes after the call.

ANZ home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New & existing variable-rate customers 20 May 30 May 25bps

The cuts will also apply to subsidiary Suncorp.


AMP home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New & existing variable-rate customers 20 May 2 June 25bps

Athena home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New & existing variable-rate customers 20 May 20 May 25bps

Athena continued its run of passing on the rate-cut in full on the same day as the announcement. 

Bank Australia home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New & existing variable-rate customers 20 May 2 June 25bps

Bank of Queensland (BOQ) loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New & existing variable-rate customers 21 May 6 June 25bps

ME Bank home loan customers will see cuts take effect from 7 June, while Virgin Money's rate cut applies from the 6th.

Bendigo Bank home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New & existing variable-rate customers 21 May 6 June 25bps

Great Southern Bank home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New & existing variable-rate customers 21 May 4 June 25bps

HSBC home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New & existing variable-rate customers 21 May 2 June 25bps

ING home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New and existing variable-rate customers 20 May 3 June 25bps

loans.com.au home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
Existing variable-rate customers 22 May 3 June 25bps

The brand's rate cut applies only to existing customers.

Macquarie Bank home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New & existing variable-rate customers 20 May 23 May 25bps

Macquarie was the most prominent bank with the soonest effective date, just three days out from the announcement. This differs to the customary 10 days.

Newcastle Greater Mutual home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New & existing variable-rate customers 20 May 30 May 25bps

NGM Group comprises of Hunter-based customer-owned banks Newcastle Permanent and Greater Bank.

People First Bank home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New & existing variable-rate customers 20 May 30 May 25bps

People First Bank comprises of both Heritage Bank and People's Choice after a merger in March 2023.

Teachers Mutual Bank home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New & existing variable-rate customers 20 May 1 June 25bps

Also applies to subsidiaries UniBank, Firefighters Mutual, and Health Professionals.

Tiimely Home home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New & existing variable-rate customers 22 May 6 June 25bps

UBank home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New & existing variable-rate customers 21 May 29 May 25bps

Unloan home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New & existing variable-rate customers 20 May 20 May 25bps

Unloan was another institution to pass on the rate cut in full and immediately. 

Up Bank home loan rate cuts

Who's Affected Date Announced Date Applies Rate Cut
New & existing variable-rate customers 21 May 1 June 25bps