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In Australia, mortgage competition has intensified as the big 4 banks cut their home lending rates in response to the RBA 0.25 per cent rate cut, with the interest rates at their lowest for more than 50 years. The big four banks National Australia Bank (N...
Australia (May 4th, 16)
In Australia, the Reserve Bank of Australia had cut the official cash rate this month by 25 basis points to 1.75 per cent, its lowest level ever. It was unchanged since May 2015 and this cut will put further pressure on deposits for retirees (1yrs will be ...
Personal Finance (May 3rd, 16)
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