Rural Bank Passes on Full Rate Cut

23 November, 2011

Rural Bank has announced it will reduce the base rate on its variable rate lending facilities by 0.25% per annum.

Rural Bank’s Chief Executive Officer, Paul Hutchinson said the bank was pleased to announce that it will be passing on the full 0.25% rate reduction to its Agribusiness lending clients, following the Reserve Bank of Australia’s recent decision to cut the official cash rate.

The rate reduction will be effective from 15 December 2011.

Back to Top