Are borrowers missing out if banks don't fully pass on the official cash rate cut?

Are borrowers missing out if banks don't fully pass on the official cash rate cut?

The Reserve Bank cut the official cash rate on Wednesday by 25 basis points.

Positive market response to rate cut as economists stay cautious

THE Reserve Bank of Australia (RBA) has cut the official cash rate by 0.25 percentage points, lowering it to 3.85 per cent – its lowest level since mid-2023. Announced last week, the decision follows continued signs of easing inflation and softening household spending. “Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance,” the RBA Board …