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Old Mortgage News

Floating rates to remain up

Tuesday 20th of September 2005

The Reserve Bank quarterly monetary policy statement proved to be a “steady as she goes” announcement last week, with most analysts now picking the official cash rate will remain at 6.75% until mid-2006 and thus providing little hope for lower floating rates in the near future.

The central bank continued its hawkish tone as it waits to gauge the...

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