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Monthly Archives: July 2011

Interest Rates to Fall 1%pa

July 15, 2011 in Latest News

Westpac Chief Economist – Bill Evans has advised the Bank to anticipate Interest Rates will fall by 1% p.a. (100bps) within the next 12 months.

Westpac announced “We now expect a sequence of rate cuts beginning with 0.25% p.a. (25bps) in December 2011 and through 2012 totalling 1% p.a. (100bps) prior to a period of steady rates in 2013”. Read more