Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 4BC account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 4BC content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 4BC online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

RBA announces historic interest rate cut

Article image for RBA announces historic interest rate cut

The Reserve Bank has slashed interest rates again to another record low.

The cash rate has been reduced to 0.1 per cent, saving mortgage holders another 0.15 per cent if banks pass on the cut in full.

A person with a $1,000,000 mortgage would save around $500 a year.

It is also the first time the RBA had handed down a partial cut.

The Motley Fool’s Scott Phillips told Deborah Knight it’s not going to put a huge amount of extra cash in most mortgage holders’ pockets.

“Savers are really going to struggle.”

Click PLAY below to hear the analysis in full

Image: Getty

 

Advertisement