Bank of Sydney, Brighten reduce rates after RBA cut

Publication Date: Friday 23 May 2025
This article originally appeared in Australian Broker.

Following the Reserve Bank of Australia’s May decision to cut the cash rate by 0.25 percentage points to 3.85%, both Bank of Sydney and Brighten have announced reductions across their variable-rate lending products.  

The moves aim to provide financial relief to borrowers amid persistent cost-of-living pressures. 

Brighten passes on full rate cut to all customers 

Non-bank lender Brighten will also pass on the full 0.25% RBA rate cut to both new and existing borrowers across its entire lending portfolio. 

“At Brighten, we’re deeply committed to acting in the best interests of both borrowers and brokers,” said Jason Azzopardi (pictured right), CEO of Brighten. 

“By passing on the full 0.25% rate cut across our entire product range, we’re offering meaningful relief at a time when many Australians are reassessing their financial priorities.”