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Business
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| Number of pages / Number of words: |
2 / 320 |
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As seen in the case study “The Reserve Bank of Australia reduced it’s cash rate by 0.5% and in turn the Commonwealth Bank then announced that in response it would reduce its variable home loan rate by only 0.35%.†A reduction in the cash rate has allowed the Commonwealth Bank to lower its interest rates as the cost of borrowing money for the bank has decreased in the short-term money market...
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As seen in the case study “The Reserve Bank of Australia reduced it’s cash rate by 0.5% and in turn the Commonwealth Bank then announced that in response it would reduce its variable home loan rate by only 0.35%.†A reduction in the cash rate has allowed the Commonwealth Bank to lower its interest rates as the cost of borrowing money for the bank has decreased in the short-term money market...
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