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AAP
AAP
Business
Jacob Shteyman

THE TRUTH ABOUT: What the interest rate cut means for renters - The Untold Story

Tenants hope the interest rate cut will encourage landlords to respond in kind and drop the rent. (Joel Carrett/AAP PHOTOS)

Jim Chalmers is hoping Australia's landlords will be kind-hearted enough to help ease the cost-of-living for their tenants by passing on rate cuts.

The Reserve Bank of Australia cut interest rates for the first time in more than four years on Tuesday, in a move that was immediately passed on by major lenders.

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