The Reserve Bank of Australia "is prepared to adjust interest rates again if needed to get us closer to full employment" Philip Lowe, governor of the Reserve Bank of Australia made clear last night.Yesterday the RBA cut the cash rate by o.25 percentage points to 1.00 per cent, the second such cut in two months and Lowe used a speech in Darwin to amplify the recent RBA's recent shift to an active easing of monetary policy after so many years or stability.By and large banks and mortgage funders that have so far announced are following the script, though ANZ is the only big bank cutting variable interest rates for home loan customers by 0.25 bps, "across all our variable rate home loans" effective from Friday 12 July.Having been out of line and stingy with last month's rate cut, ANZ is more sensitive to the political pressure.NAB will cut variable mortgage rates by 15 bps, with the bank playing to the "what about me" bawls of their depositors and their media advocates."For any changes to interest rates on savings … NAB will not decrease rates by more than 19 basis points," Mike Baird, the bank's chief customer officer for consumer banking said.CBA also said it will be 19bps on most variable rate home loans, while at Westpac it will be 20 bps.CommBank has also "made a deliberate choice to limit the interest rate reduction to 15bps on our most popular savings account, NetBank Saver," Angus Sullivan, its retail banking head said.Among smaller lenders Auswide Bank will apply a 25 bps cut at least on its RBA Rate Tracker Home Loan and the Low Rate Visa Credit Card products, both rare offers where the bank undertakes to "track the movements of the RBA cash rate."Non-bank lender Resimac will reduce variable rates by 25 bps "on its Resimac Prime and Resimac Specialist ranges of mortgages" with other products under review.Athena, a fintech style funder mostly funded by Resimac, "will be passing on the full rate cut to both existing and new customers."Effective immediately."With a rate of 3.09 per cent, Athena is more than 150 bps cheaper than the standard variable rate of big banks.And even before this week home loan offers have crept into the market beginning with a 2.