RBA cuts, lenders pass
Wednesday, August 7th 2013, 7:05AM
Australian borrowers got a boost yesterday with its central bank cutting the official cash rate to 2.50% - the same as ours. Some lenders passed the full cut onto customers. Pity our next move will be the other way.
The Co-operative Bank has increased its three and four year rates by four and 10 basis points today.
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