Well... it finally happened.
After more than four years, the RBA cash rate has been cut - this time to 4.10%. It's also the first movement since November 2023.
The cut was widely anticipated, correctly forecast by most economists and market watchers.
However, there was still some hesitation around the call, given underlying inflation is still out of target band, despite the RBA saying it will need to be "sustainably" within target before any cut is made.
Unemployment is still near historic lows, and spending has been elevated off the back of cost-of-living relief by various governments.
In terms of home loan movements, all of the major banks fired first, with Westpac out of the starting gate barely a minute after the RBA made its call at 2.30pm AEDT.
Keep checking back here for a breakdown on what your lender is doing.
Note: This page was last updated 9.50am AEDT on Tuesday 19th February
Commonwealth Bank home loan rate cuts
| Who's Affected | Date Announced | Date Applies | Rate Cut |
| New & existing variable-rate customers | 18 February | 28 February | 0.25% |
The cuts also apply to subsidiary Bankwest.
Westpac home loan rate cuts
| Who's Affected | Date Announced | Date Applies | Rate Cut |
| New & existing variable-rate customers | 18 February | 4 March | 0.25% |
The cuts also apply to subsidiaries BankSA, Bank of Melbourne, and St George.
NAB home loan rate cuts
| Who's Affected | Date Announced | Date Applies | Rate Cut |
| New & existing variable-rate customers | 18 February | 28 February | 0.25% |
ANZ home loan rate cuts
| Who's Affected | Date Announced | Date Applies | Rate Cut |
| New & existing variable-rate customers | 18 February | 28 February | 0.25% |
The cuts will also apply to subsidiary Suncorp.
Athena home loan rate cuts
| Who's Affected | Date Announced | Date Applies | Rate Cut |
| New & existing variable-rate customers | 18 February | 18 February | 0.25% |
Non-bank lender Athena was notable in that it dropped its interest rates immediately.
Bank Australia home loan rate cuts
| Who's Affected | Date Announced | Date Applies | Rate Cut |
| New & existing variable-rate customers | 18 February | 4 March | 0.25% |
HSBC home loan rate cuts
| Who's Affected | Date Announced | Date Applies | Rate Cut |
| New & existing variable-rate customers | 19 February | 10 March | 0.25% |
ING home loan rate cuts
| Who's Affected | Date Announced | Date Applies | Rate Cut |
| New & existing variable-rate customers | 18 February | 28 February | 0.25% |
Macquarie Bank home loan rate cuts
| Who's Affected | Date Announced | Date Applies | Rate Cut |
| New & existing variable-rate customers | 18 February | 28 February | 0.25% |
Newcastle Greater Mutual home loan rate cuts
| Who's Affected | Date Announced | Date Applies | Rate Cut |
| New & existing variable-rate customers | 18 February | 07 March | 0.25% |
NGM Group comprises of Hunter-based customer-owned banks Newcastle Permanent and Greater Bank.
UBank home loan rate cuts
| Who's Affected | Date Announced | Date Applies | Rate Cut |
| New & existing variable-rate customers | 18 February | 27 February | 0.25% |
Unloan home loan rate cuts
| Who's Affected | Date Announced | Date Applies | Rate Cut |
| New & existing variable-rate customers | 18 February | 21 February | 0.25% |
AMP home loan rate cuts - pending
Bank of Queensland (BOQ) loan rate cuts - pending
Bendigo Bank home loan rate cuts - pending
Great Southern Bank home loan rate cuts - pending
loans.com.au home loan rate cuts - pending
People First Bank home loan rate cuts - pending
Tiimely Home home loan rate cuts - pending
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