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The RBA has reduced the official cash rate by 0.25%, bringing it down to 4.10% in February 2025. If you’re wondering how this affects your mortgage, here’s what you need to know. 1. How Soon Will Banks Pass on the Rate Cut? Most major lenders have announced their plans to pass on the full 0.25% cut, but the timing differs. Below is a table of the top 10 banks ranked by customers and when they will apply the rate cut. Note: Dates are based on announcements from each bank as of