2 August 2022 - RBA Rate Rise

On 2 August 2022,  the Reserve Bank of Australia (RBA) made the decision to increase the official cash rate further, from 1.35% to 1.85% - an increase of 0.5%. 

BankVic will review the interest rates on all our home loans and deposit accounts and make an announcement in due course.

For more information on the RBA decision, view the full statement by RBA Governor Philip Lowe.

About the Author

Important governance updates from BankVic.