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March 08: Turbulent market could favour non-banks

by Staff Reporter•Monday, 17 Mar 2008•7 minute read
The Adviser

Volatile market conditions and a rising rate environment could pave the way for a resurgent non-bank sector.

Major banks have moved quickly to pass on February’s rate rise to borrowers, with CBA and NAB among banks that have increased variable rate mortgages above the RBA’s 25 basis point rise. 

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