1. Most Discussed
  2. Gainers & Losers
BOQ $11.32

News: Bank of Queensland passes on full rate cut

  1. Bank of Queensland Limited (ASX:BOQ) has decided to pass on the Reserve Bank of Australia’s (RBA) full rate cut to its variable rate home and business loan customers.
    The Brisbane based regional lender made the announcement within half an hour of the RBA yesterday cutting its official cash rate by 25 basis points to a new record low of 2.25 per cent. 
    Bank of Queensland will pass on the full rate cut this month to its Standard Variable Rate Home Loan, Clear Path variable loans and variable Business Term Loan customers.
    CEO and Managing Director Jon Sutton says the latest rate cut should see a number of variable home loan products drop below 5 per cent and will bring the bank’s Clear Path variable home loan product to a very sharp 4.62 per cent. 
    Bank of Queensland boosted its net profit by 40 per cent to $260.5 million in the 2014 financial year. 

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.