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Aussie Home Loans boss seeks lower interest rates

Posted on 24 October 2012

Aussie Home Loans chairman John Symond has accused the Reserve Bank of keeping interest rates too high for too long, which had flattened the national property market. Mr Symond told a Citigroup conference in Sydney yesterday that he believed more interest rate cuts were needed in the next few months to kickstart flatlining consumer confidence.
The RBA cut interest rates earlier this month and is considered likely to do so again at its November meeting on Melbourne Cup Day. The official cash rate is 3.25 per cent, the lowest in three years………………………………………..Full Article: Source


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