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A Macquarie spokesperson told Mortgage Business the change was due to the increasing cost of credit– in particular for products with greater risk.
“Consequently we are having to pay more for funding on some products.”
Macquarie says that like all banks, it cannot give any guarantee on interest rate movements for products, especially given the current state of the market.
“We will continue to monitor market conditions,” the spokesperson said.
Published 14-03-08
