RBA interest rate decrease, February 2025
On 18 February 2025, the Reserve Bank of Australia announced a decrease to the official cash rate from 4.35% to 4.10% - a decrease of 0.25%.
BankVic will pass on the full 0.25% decrease to all variable rate home loan accounts, with the changes effective from 4 March 2025.
We will be communicating to all our home loan members soon to let them know what their new loan details and repayments will be.
For more information on the RBA decision, view the full statement by RBA Governor Michele Bullock.
