Official cash rate announcement for May, 2025.
The Reserve Bank of Australia (RBA) has decreased the official cash rate by 0.25% p.a. to 3.85% p.a.
To learn more about why the RBA has changed the official cash rate, read the latest Monetary Policy Decision statement by RBA Governor Michelle Bullock, opens in new window.
Our response to the RBA announcement
Following RBA’s review of the cash rate, there will be changes to our variable rate home loans.
NAB has announced it will decrease its standard variable home loan interest rate by 0.25% p.a., effective from Friday 30 May 2025. You can view these rate changes on the NAB app and internet banking from 30 May 2025.
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Any advice on our website has been prepared without considering your objectives, financial situation or needs. Before acting on any advice, consider whether it is appropriate for your circumstances and view the Product Disclosure Statement or Terms and Conditions available online or by contacting us. Credit applications are subject to credit assessment criteria. Interest rates, fees and charges are subject to change. Target Market Determinations for our products are available at nab.com.au/TMD. Products issued by NAB unless stated otherwise.
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