CBA cuts 'fixed' home loan rate to record low 2.29% after RBA’s emergency stimulus

Commonwealth Bank of Australia (CBA) cut its fixed-rate home loans to all-time low levels of 2.29% after Reserve Bank of Australia’s (RBA) emergency stimulus, as cited by Australian Associated Press.

CBA Chief Executive Matt Comyn tweeted out following the (RBA) emergency 25 bps rate cut and quantitative easing (QE) announcement in the last hour.

 Comyn tweeted: "These are unprecedented times, and they call for unprecedented measures."