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update

Currently analysing the impact

RBA Official Cash Rate Decision - Member Update

Yesterday the Reserve Bank of Australia announced a 0.25% cut to the official target cash rate which is now at a historic low of 0.75%. Sydney Mutual Bank is committed to offering its members the best possible rates on all its home loans and we are currently analysing the impact of the RBA’s decision. As a mutually owned bank we have an obligation to balance the interests of all saving and borrowing members.

We expect to announce the rate changes by the end of October.