RBA has cut target rate from 7% to 6% today.

Highly doubt any of you will see the entire 1% cut but either was it will be a pleasant surprise to a lot of people.

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Stoner & Webber 2011 World Champions

yes agreed and I believe there will be more rate cuts over the next 12 months. Now lets see how greedy the big four banks really are.

Should've gone up 1%. Then there woulda been a few people in trouble!

Good excuse to find yourself a bargain

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TD06 - Oink.

going up 1% would have killed the economy for good.

Good news, will probably see 0.5% passed on, at their leisure, when they remember, oh that right a cut....sorry..here you are, did I say 0.25%?

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K.E.R.S!!!1

Banks will only pass some of it on.

We will not see a full 1% decrease in our rates. .25% or .5% is more like it.

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500+hp and helis on tap, eta - June 2025.

I just went to my local CBA to deposit a cheque and the nice lady behind the counter told me they were only going to cut it by 0.3% when it looked like only a half percentage rate cut. Now it's a full 1%, logic would have it they will cut it 0.6%. But we all know how much logic will be applied by the CBA in this. I think that they will cut it down the middle and make it 0.5% decrease. Any thing other than that will be construed to be a bonus to the banks clients

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No more GC8, sad face.
[SIGPIC][/SIGPIC]

CBA needs all its money to buy out WankBest at the moment!

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[COLOR="Gray"]550Nm off a 2L... Just wish it was in the dak dak...[/COLOR]

i'm hoping ours cuts it by the full 1%, or close to it. huge bonus if they do as it means our loans will end up just below 7%....... that is of, course, if they do the full 1% cut!! wooo hooo!

Bugger, there goes my 8.7% fixed term roll over, be lucky to get 7% now

Though they are still offering 8.1% on 5 months otherwise it's down in the 4%'s till you go over 12mths.....WankBest.

Well they were when I checked 5min ago lol

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Beaten up old 98 Gen 2 Liberty, 13.0, stock V3 STI running gear.
07 Transit motor home
69 VF & 70 VG Valiants needing full restoration
Yamaha Zooma 50cc rocket hopefully going with the Transit.