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(Reserve Bank of Australia Governor Philip Lowe)

Major Australian banks pass on RBA’s December rate rise

Several Australian major banks including Westpac, NAB and ANZ have increased interest rates following a decision from the Reserve Bank (RBA) to raise the cash rate for the eighth consecutive time. “Following the Reserve Bank of Australia’s decision to increase the cash rate by 0.25%, Westpac has announced a range of interest rate changes for deposit and home…

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