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Home Loan Interest Rate News
Tuesday, 20 May 2025
Reserve Bank of Australia Cash Rate Update
Following the Reserve Bank of Australia’s (RBA) decision to decrease the official cash rate, Bank of Melbourne announced a 0.25% per annum (p.a.) decrease to our variable home loan interest rates, for new and existing home loans.
These variable rate changes will come into effect on Tuesday 3rd June 2025.
Find out about interest rate news and estimate your new repayments.