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Majors to undercut RBA
- January 27, 2010
- Posted by: admin
- Category: Finance News
No CommentsInterest rates are predicted to rise by 1 percentage point this year, however the majors are expected to absorb 0.3 per cent of that, a new report from Access Economics has found. According to research by Access Economics’ macro-economist Chris Richardson, the majors will undercut a Reserve Bank rate rise in order to claim a
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Westpac increases fixed rates
- January 13, 2010
- Posted by: admin
- Category: Finance News
Westpac has confirmed yesterday that it will lift interest repayments on its fixed rate mortgages by as much as 0.25 per cent. Westpac senior media relations manager Jane Counsel told Mortgage Business that higher funding costs and market rate movement had forced the bank to lift its rates. “We are moving in line with the