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Bank passes on full rate cut

By Steven Cross

04 October 2012 • 5 minute read

One of Australia’s banks has decided to pass on the Reserve Bank of Australia’s 25 basis point rate cut in full.

Moments ago, ING DIRECT announced it would pass on the full 25 basis point rate cut to its customers effective from Friday 12 October.

You’re out of free articles for this month

The lender’s most popular home loan product, the Mortgage Simplifier, will now boast an interest rate of 5.97 per cent.

Moments ago, ING DIRECT announced it would pass on the full 25 basis point rate cut to its customers effective from Friday 12 October.

You’re out of free articles for this month

The lender’s most popular home loan product, the Mortgage Simplifier, will now boast an interest rate of 5.97 per cent.

Real Estate BusinessWant to see more stories from trusted news sources?
Make Real Estate Business a preferred news source on Google.
strong>One of Australia’s banks has decided to pass on the Reserve Bank of Australia’s 25 basis point rate cut in full.

Moments ago, ING DIRECT announced it would pass on the full 25 basis point rate cut to its customers effective from Friday 12 October.

You’re out of free articles for this month

The lender’s most popular home loan product, the Mortgage Simplifier, will now boast an interest rate of 5.97 per cent.

Real Estate BusinessWant to see more stories from trusted news sources?
Make Real Estate Business a preferred news source on Google.

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