Rewrites with rate cuts from ANZ, NAB and Westpac
May 20 (Reuters) - Australia's "Big 4" banks decreased their home loan variable interest rates by 25 basis points per annum on Tuesday, following the central bank's quarter-point cut.
The Reserve Bank of Australia $(RBA)$ cut its main cash rate to 3.85% from 4.1% earlier in the day, citing a darker global outlook and cooling inflation at home.
"Inflation is in the target band and upside risks appear to have diminished as international developments are expected to weigh on the economy," the board said in a statement.
Commonwealth Bank of Australia CBA.AX, Westpac WBC.AX, NAB NAB.AX and ANZ Group ANZ.AX lowered the home loan rates for their customers, with the new rates coming into effect between May 30 and June 3.
(Reporting by Sneha Kumar in Bengaluru; Editing by Varun H K)
((Sneha.Kumar@thomsonreuters.com;))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。