Staff Reporter
ANZ has followed in the footsteps of CBA and Westpac, passing on the full 25 basis point rate cut to its borrowers.
Effective from November 14, the major will reduce its standard variable rate by 0.25 per cent to 7.55 per cent.
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We’re acutely aware that many of our customers are doing it tough and despite higher funding costs we’re pleased to be able to pass on the reduction in the cash rate in full,” ANZ chief executive Australia Phil Chronican said.
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