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Banks Agree to Limit Rate Rise

April 6, 2010 in Latest News by admin  |  No Comments

The Reserve Bank of Australia announced yet another increase to Interest Rates. Fortunately the Major Banks and other Lending Institutions have agreed to limit their rate increase in line with the RBA (0.25% p.a.)

Borrowers will be contacted by their Bank / Lender to advise the date from which this new Interest Rate rise will begin.

Many Economists are predicting further increases to Interest Rates before this year ends.

Posted in Latest News.