Rabobank Australia will lower the variable base rate on its rural loans by 0.25% per annum, effective August 22, 2025.
This follows the Reserve Bank of Australia's decision to cut the official cash rate (OCR) by 0.25%, announced yesterday.
Rabobank group executive for Country Banking Australia Marcel van Doremaele said the bank was pleased to be able to once again pass on the full OCR reduction to its Australian rural lending clients.
"This latest reduction – along with two previous 0.25% cuts to the variable base rate in February and May – will provide some welcome relief to farmers in helping to reduce their business costs," he said.
"Combined with the improvement we have seen in seasonal conditions in a number of drought-affected regions in recent weeks – along with forecasts of above-average rainfall in spring for much of mainland Australia – this helps set up the sector for a positive outlook for the remainder of the season."
