What has the RBA announced?

On 12 August 2025, the Reserve Bank of Australia (RBA) announced its decision to decrease the official cash rate target by 0.25%.

If your business has a loan or deposit account with us, please see below to understand what this change may mean for you.

What does the RBA’s latest rate cut mean for my business loan?

We’ve decided to lower our variable business loan reference rates by 0.25% per annum, effective Friday 15 August 2025.

When will I know what my new rate will be?

If you have a variable business loan, your new interest rate will be visible on your next statement.

What will happen to my repayments?

If you have a business loan with Principal and Interest repayments

  • Your repayments will remain the same unless you choose to lower them by contacting your relationship manager. If you’d like to know the new minimum repayment amount that you could lower your repayment to, it will be available the business day after your next repayment is due – just contact your relationship manager to find out.

 If you have a business loan with Interest Only or Principal plus Interest repayments

  • Interest on your loan is calculated and updated daily based on the current interest rate and balance. Any changes in interest rates will be calculated and then be applied on your next repayment immediately after Friday 15 August 2025.

Which reference rates will change?

To view the variable reference rates effective from Friday 15 August 2025, please see here.

How can I get support for my business loan?

We are focused on supporting Australian businesses that may be experiencing a downturn or financial difficulty.

If the financial circumstances of your business have changed and you are concerned about making your loan repayments, we may be able to offer financial assistance. More information, including how to contact our specialist team, is available here.

What does the RBA’s latest rate cut mean for my business deposit account?

We’ll be changing the interest rate for some Macquarie business banking accounts effective Friday 15 August 2025.

If you’re an existing customer, you can see the rate that applies on your account in MBO. For instructions on how to check your rate, see here. 

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