Rabobank Australia will lower the variable base rate on its rural loans by 0.25% per annum, effective August 22, 2025.
This follows the Reserve Bank of Australia’s decision to cut the official cash rate (OCR) by 0.25%, announced yesterday.
Rabobank group executive for Country Banking Australia Marcel van Doremaele said the bank was pleased to be able to once again pass on the full OCR reduction to its Australian rural lending clients.
“This latest reduction – along with two previous 0.25% cuts to the variable base rate in February and May – will provide some welcome relief to farmers in helping to reduce their business costs,” he said.
“Combined with the improvement we have seen in seasonal conditions in a number of drought-affected regions in recent weeks – along with forecasts of above-average rainfall in spring for much of mainland Australia – this helps set up the sector for a positive outlook for the remainder of the season.”
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Rabobank Australia & New Zealand Group is a part of the international Rabobank Group, the world’s leading specialist in food and agribusiness banking. Rabobank has more than 125 years’ experience providing customised banking and finance solutions to businesses involved in all aspects of food and agribusiness. Rabobank is structured as a cooperative and operates in 38 countries, servicing the needs of more than nine million clients worldwide through a network of more than 1000 offices and branches. Rabobank Australia & New Zealand Group is one of Australasia’s leading agricultural lenders and a significant provider of business and corporate banking and financial services to the region’s food and agribusiness sector. The bank has 87 branches throughout Australia and New Zealand.