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bcu reviewing rates following Reserve Bank of Australia announcement

General Manager of bcu, Mike Ribbens, stands on a beach

On Tuesday 07 June 2022, the Reserve Bank of Australia (RBA) announced an increase to the official cash rate by 50 basis points to 0.85%.

We appreciate that our members will want to understand the impact of this announcement on their lending or deposit facilities with us. We are currently reviewing our lending and deposit rates and will provide a further update, including any changes to our rates, as soon as possible.