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REPEAT: MNI ANALYSIS: Aussie Mortgage Hikes.....>

RBA
RBA: REPEAT: MNI ANALYSIS: Aussie Mortgage Hikes Won't Faze RBA
- The Reserve Bank of Australia will likely shrug off the latest round of bank
mortgage rate hikes, as they only offset past declines and cheaper options
available in a competitive market place could mitigate the effect on households.
Earlier Thursday, ANZ and Commonwealth Bank announced respective 16 bps and 15
bps hikes in variable rates on several home loan products, joining Westpac,
which raised by 14 bps last week. Several smaller banks have also raised
variable mortgage rates in recent weeks.
- For full story see MNI Main Wire at 11:11 BST 09/06, or contact us for access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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