Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 4BC account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 4BC content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 4BC online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

Interest rates cut to new record low but economists say more to come

Article image for Interest rates cut to new record low but economists say more to come

The Reserve Bank of Australia has cut interest rates for the second time in as many months.

It has lowered the official cash rate by 0.25 per cent, bringing it to a historic low of 1.00 per cent.

ANZ has announced it will pass on the full rate cut for its variable interest home loan rates after only passing 0.18 per cent of the June rate cut.

The Commonwealth Bank will pass on the full rate cut to interest-only borrowers but only 0.19 per cent to home buyers with principal and interest loans.

ANZ Head of Australian Economics David Plank tells Ross Greenwood he thinks the cash rate will reach 0.75 per cent.

“We think when they update their forecast in August they’ll reach the same conclusion, that more needs to be done.”

Click PLAY to hear the full interview

Deborah Knight
Advertisement