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RBA reduces cash rate to 4.10%

  • Writer : Admin
  • Date : 2025.02.21

The Reserve Bank of Australia (RBA) reduced the official interest rate by 25 basis points to 4.10% following the monetary policy meeting. The move was widely expected, as annual inflation dropped from 3.6% in the September 2024 quarter to 3.2% in December – bringing it closer to the RBA’s target range of 2-3%.
Looking ahead, it’s possible the RBA will further reduce the cash rate during 2025, but that depends on movements in inflation, unemployment and the wider economy.

Lenders generally follow the RBA’s cash rate decisions. Below are the implementation dates for the 0.25% interest rate reduction announced by major banks.

- ANZ: Effective 28 February 2025, we will reduce variable interest rates for home, residential investment and line of credit loans by 0.25% p.a.
- CBA: We are decreasing our home loan variable interest rates by 0.25% p.a. on and from 28 February 2025. 
- ING: From 4 March 2025, we'll be decreasing our variable residential home loan interest rates by 0.25% p.a. for existing customers.
- NAB: Effective Friday 28 February 2025, NAB has announced rate decreases by 0.25% across its variable rate home loan products for both new and existing lending.
- St.George: Effective Friday 4 March 2025, St.George announced it will decrease variable home loan interest rates by 0.25% per annum.
- Westpac: Following the Reserve Bank of Australia’s decision to decrease the official cash rate by 0.25% to 4.10%, Westpac announced it will decrease variable home loan interest rates by 0.25% per annum (p.a.). The interest rate changes will come into effect on 4​ March​ 2025​, for new and existing home loan variable rate products.

With the market shifting, it could be a good time to discuss your options as some lenders may make more competitive rate adjustments than others!!

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