RBA has reduced the cash rate to a new record low of 0.25%

Today, the RBA announced an out-of-cycle emergency rate cut to help the Australian economy withstand the impact of COVID-19.

The RBA has reduced the cash rate to a new record low of 0.25%.

If the COVID-19 crisis is affecting your financial situation, please get in touch with an AFG broker to formulate a plan to manage your loan repayments during these unprecedented times.