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RBA rate hike won’t damp deposit rate war
Tuesday 6th of October 2009
The RBA became the first major developed central bank to begin tightening monetary policy when it boosted its benchmark rate 25 basis points to 3.25% from a 50-year low, after Australia avoided falling into recession in the worst global downturn since World War II.
Still, the prospect of higher rates across the Tasman will not take the glean from the deposit rate war in New Zealand, wher...
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