On Tuesday 7th November 2023, the Reserve Bank of Australia (RBA) announced an increase to the cash rate target by 25 basis points to 4.35 per cent.
You can read the full Statement by Michele Bullock, Governor: Monetary Policy Decision here.
As a result, we will be reviewing our interest rate position across our products portfolio to ensure we continue to offer competitive products for both borrowers and depositors and will announce any changes as soon as possible via our website and direct customer communications.
We appreciate your patience.
Published, Wednesday 8 November 2023