Friday, October 17, 2008

OZ banks No fear ANZ talks turkey

THE ANZ has ignited a mortgage rate war, becoming the first bank in more than a decade to cut its standard variable rate independently of a move from the Reserve Bank. Late yesterday(17/10), the ANZ announced a cut in standard variable mortgage rates of 0.25% to take effect Monday week.The Australian economy will be on on the rise....no doubt.

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