RBA cuts rates; now what?

Lenders respond 

Meanwhile, following the RBA's announcement on its benchmark interest rates, a number of lenders said they would pass rate cuts through to their variable rate borrowers. The list includes all four of Australia's Big Four banks — Westpac, ANZ, Commonwealth Bank and National Bank of Australia (NAB) — which plan to lower home loan variable interest rates by 0.25% per annum. ANZ, Commonwealth and NAB's reduced rates start February 28, while Westpac's go into effect March 4.