News

RBA 0.25% Interest Rate decrease In response to the Reserve Bank of Australia decision on 19 February 2025 to reduce the cash rate by 0.25%, Horizon Bank will be passing on the full benefit of this interest rate cut to our variable rate residential mortgage borrowers. This 0.25% decrease will take effect on 1 March 2025. We hope that this decision will help ease the cost-of-living pressures for our borrowers and provide some financial relief during these challenging times.If you have any questions or would like more information, please do not hesitate to contact your local branch. Thank you for your continued support of Horizon Bank.