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Commonwealth Bank cuts interest rates on standard variable home loans

8 June 2012: The Commonwealth Bank Group (Group) today announced it will reduce interest rates on its range of variable home loan accounts by 0.21 per cent per annum with effect from Monday 18 June 2012. The new Standard Variable Rate is 6.8 per cent per annum.
In making this decision, the Group has continued to balance the interests of its 1.8 million home loan borrowers with those of its 11 million depositors, and those of its shareholders, who include 800,000 Australians who own its shares directly, and millions more Australians who own shares through pension funds.

Media contact: Steve Batten (02) 9117 7050

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