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Westpac to Announce Change in Rates on Friday


  • Following 50 bps cut by RBA, Westpac, Australia's third largest lender will announced its decision on any change in mortgage rates on Friday
  • NAB, Australia's number 1 mortgage lender has already announced 32 bps cut in variable mortgage rates while CBA announced 40 bps cut, ANZ will also announce its decision on Friday, 11th May
  •  All of the big Australian lender have made it clear that they wont allow full passage of rate cut to consumer blaming to higher borrowing costs.

Published: 2012-05-03 01:33:00 UTC+00

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May 18 at 7:24 UTC
 
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