• St George Bank and Bank of Melbourne will both cut their standard variable home loan rate by 20 basis points, after this week's official cut, echoing the size of cut made by parent Westpac.• NAB plans to sell 10-year AAA-rated euro-denominated covered bonds backed by prime residential mortgages, Dow Jones reports. The news agency story, which includes a quote saying "a bank [is] working on the deal", says initial price guidance was set in the low 40s basis points over the mid-swap rate.