Macquarie among the first mortgage lender to pass on RBA rate cutMacquarie Bank has announced it will pass on the Reserve Bank of Australia's (RBA) August rate cut in full to its variable rate home loan customers. The banking major's variable rate home loan holders will realise the interest rate change on 15 August – just three days after the RBA announced the cut. It's the second RBA cut in which Macquarie has acted sooner than the big four, having cut mortgage holders' wait time from 10 days to three after the RBA's May cut. The 25 basis point cut will bring down rates across Macquarie's variable home loan products, with its lowest advertised rate – 5.64% p.a. See how other lenders are responding to the RBA's August rate cut: Your Mortgage live coverageAdvertisementImportant Information and Comparison Rate WarningImportant Information and Comparison Rate Warning