ANZ slashes key mortgage rate by 18bps post-RBA 0.25bps rate cut

Following the Reserve Bank of Australia (RBA) rate cut announcement, the Australia and New Zealand Banking group (ANZ) announced that it will cut its key mortgage lending rates by 18 bps, effective on June, 14th.           

The ANZ move, however, will not pass on the full benefit of the RBA rate cut to their consumers.