Major bank slashes interest rates

Major bank slashes interest rates

Another big four bank has slashed its mortgage rates ahead of the RBA as competition among the banks heats up.

Big four bank jumps the gun on rate cut ahead of RBA meeting

ANZ has pre-empted the Reserve Bank by cutting fixed interest rates, 11 days before the central bank makes its next cash rate move.ANZ announced today that its fixed-rate mortgage offers have dropped by between 0.05 and 0.40 percentage points, adding to the expectation of an official rate cut by the RBA on May 20."Today's cuts from ANZ mean it now has the lowest one- and two-year fixed rates out of the big four banks, with rates starting from 5…

With 11 days to go before the next Reserve Bank of Australia (RBA) cash rate decision meeting, Australia and New Zealand Bank (ANZ) has decided to cut its fixed mortgage rate.

Banks in rate cut war to woo borrowers ahead of RBA meeting - realestate.com.au

Another big four bank has taken the axe to its mortgage rates just 11 days out from the RBA meeting, and more are likely to follow.