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BREAKING: RBA Announcement


July, 2019: 

The Reserve Bank of Australia (RBA) board has decided to decrease the cash rate by 25 basis points at its meeting today, making the official cash rate 1.00 per cent.

South West Credit is currently reviewing the RBAs decision to lower the Official Cash Rate. In setting our interest rates, we need to consider several factors, including maintaining competitive rates for our deposit and savings members, particularly retirees and those saving for their first home.

At South West Credit our focus is on providing a balance for all of our members so that our rates remain competitive for our depositors and borrowers.

South West Credit will make a decision over the next few weeks when markets have absorbed the full impact of the RBA decision.

For the official RBA article, please visit the Reserve Bank’s website.