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Old 01-29-2009   #1 (permalink)
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Default Banks cut rates after Bollard slashes OCR

Banks have begun to drop home loan rates after the Reserve Bank this morning cut the official cash rate by 150 basis points to 3.5 per cent.Kiwibank's lowest rate is now its one-year fixed-term, which is down 0.3 per cent to 5.69...

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