Macquarie Bank has announced it will reduce its one-to-three-year fixed mortgage rates by up to 0.16%, just weeks before the Reserve Bank of Australia (RBA) makes its first interest rate decision of the year.

The RBA will hold its meeting on Feb. 18 to decide on the cash rate, News.com reported.

Macquarie, Australia's fifth-largest lender, will now offer a one-year fixed rate of 5.55% for owner-occupiers paying........

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