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St George slashes interest rates

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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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The Reserve Bank gives mortgage borrowers their long-awaited rate relief with a 25 basis-point cut. (Sydney Morning Herald — 2 September, 2008)
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St George slashes interest rates
St George slashes interest rates

Australian banks and lenders will have no excuse not to followWizard Home Loans’ lead and cut interest rates. (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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Economists say a combination of a slowing economy, deterioratingbusiness conditions and tight credit markets will ensure thecentral bank cuts interest rates this week. – Brisbane Times (The Brisbane Times — 31 August, 2008)
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THE long-awaited interest rate cut given to homeowners yesterday is unlikely to be the last this year as the Reserve Bank warns of a slowing economy for some time yet. (Sydney Morning Herald — 18 hours ago)
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Australia’s central bank says it has cut its benchmark interest rate by a quarter percentage point to 7.0 percent in its first rate reduction in seven years amid slowing economic growth. (CNN — 2 September, 2008)
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LENDING to Australian consumers and businesses rose at the slowestannual pace in six years in July, reinforcing the Reserve Bank ofAustralia’s view that the economy is cooling enough to cut rates. (Sydney Morning Herald — 29 August, 2008)
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