MAJOR NEWS: The Reserve Bank of Australia - RBA has had an out of cycle meeting and REDUCED the official cash rate by 0.25%. The official cash rate now sits at 0.25%.

This makes the second reduction within a month in response to the growing financial concerns from the effects of the Corona Virus.

This is an emergency move, and unheard of. We're going to be keeping you updated in the comments. So make sure to "follow" the post to see what lenders will apply this to their products.