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The bank rate cutting war is over

22/11/2011

The price war between Australia’s lenders looks like it has finally run its course, one industry stakeholder has claimed.

Speaking at the Connective conference on the Gold Coast last week, Connective principal Mark Haron said while the fierce battle for market share will continue, lenders were starting to dial back competition when it comes to interest rates.

“I don’t think we will continue to see the dramatic rate reductions we have seen over the past few months,” he said. “Rates are beginning to settle down and that is a good thing for the industry as a whole.”

Source: The Adviser



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