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APRIL 08, 2009
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April 2009 - Interest Rates |
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| Welcome to the April 2009 monthly newsletter. The Reserve Bank has made the decision to lower interest rates yesterday, down 0.25% to a 40 year low 3%. The banks are reluctant to lower their rates, especially the smaller banks, as they are unable to compete with the larger banks! Many analysts predict that this will be the last interest rate drop, atleast until the end of Quarter 2009. |
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