Will lenders pass on the RBA rate cut to you?

But will the banks pass the cuts on?

Well, that’s to be determined by the banks. However, the government has urged them to pass on the cuts in full to customers.



Treasurer Josh Frydenberg met with Commonwealth Bank chief executive Matt Comyn the day before the cut was announced after similar meetings with other major bank CEOs.

“I expect all banks to pass on the benefits of sustained reductions in funding costs,” said Mr Frydenberg.

What next?

Well, on the back of the RBA decision, you may see a number of lenders advertising interest rate cuts.

What can be hard to determine is if they’re offering to pass on the full cut, a partial cut, or simply re-advertising a rate they’ve been offering for months.

So what to do?

Well, the good news is that we’re following the market closely. We’ll know which lenders are passing the rate cut on to their customers in full, and which lenders aren’t.

So if you see or hear about a rate cut from a lender that you want to know more about, your best bet is to get in touch with us and we can give you a good idea of how it compares to other lenders in the market and/or whether there are other options that are more suited to your situation.

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