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The Australia’s big four banks finally decided to pass on the Reserve Bank’s 0.25 point cut. ANZ move first, announcing yesterday on 08/12/2012 it would cut its standard variable home loan rate from 7.55 per cent to 7.30. Fellow Melbourne-based giant NAB followed quickly, dropping its standard rate to 7.22 per cent. Commonwealth fell into …
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Homeowners face another increase in their mortgage repayments after the Reserve Bank of Australia (RBA) raised its official cash rate by 25 basis points to 4.25 per cent on 04/06/2010. The cash rate has not been this high since February 2009. The 0.25% rise will add around $49.05 per month to repayments on an average mortgage …
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