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First major announces interest rate cuts

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Australian Broker | 05 Dec 2012, 08:00 AM Agree 0
The first of the big four has announced an interest rate cut of 20 basis points
  • Broker | 05 Dec 2012, 12:55 PM Agree 0
    So NAB can promise to offer the lowest SVR ( which means zero anyway) and then cut only 0.20%...clearly they know that their lowest SVR position will be safe, once the rest follow suit. The result of collusion I suppose

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