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ANZ today announced that it will cut its variable rate by 0.25 per cent only days after slashing rates by 0.80 per cent.
According to a report in Reuters late this afternoon, the quarter per cent cut will be effective from Monday October 27.
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The bank accredited the move to improvements in wholesale funding markets as recent policy measures in Australia and overseas boosted investor tor confidence.
Published: 17-10-08
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