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Banks may hold on to rate cut

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MORTGAGE greed could collectively cost home loan customers almost$3.4 million a day for every day the big five banks delay passingon any anticipated interest rate cuts. (Sydney Morning Herald — 2 September, 2008)
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St George Bank steals march on its rivals, cutting variable homeloan rate by 0.3%. – Brisbane Times (The Brisbane Times — 2 September, 2008)
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Banks may hold on to rate cut
Banks may hold on to rate cut

The Reserve Bank has cut official interest rates by 0.25%, thefirst cut in seven years, while banks under pressure to pass onsavings to borrowers. – Brisbane Times (The Brisbane Times — 2 September, 2008)
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Australia is entering an era of interest rate cuts, but it won’tproduce a new housing boom, according to a leading economists. – Brisbane Times (The Brisbane Times — 1 September, 2008)
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AUSTRALIA is entering a new era of consecutive interest rate cutsover the next two years, but it won’t produce a renewed housingboom, according to one of the nation’s leading economists. (Sydney Morning Herald — 31 August, 2008)
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Reserve Bank expected to announce 0.25% cut to official interestrates at 2.30pm, with banks under pressure to pass on savings toborrowers. – Brisbane Times (The Brisbane Times — 2 September, 2008)
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$10,000 relief package kicks in – Brisbane Times (The Brisbane Times — 1 September, 2008)
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