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12-04-2008
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Senior Member
Join Date: Dec 2006
Posts: 33,028
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Interest rates slashed to 5pc, banks cut floating rates
The Official Cash Rate axe has swung again, with Reserve Bank Governor Alan Bollard cutting official interest rates by 150 basis points - a 1.5 percentage point cut leaving the rate at 5 per cent.A cut of this scale would have...
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