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Banks withhold interest rate cuts

The Reserve Bank announced a 0.25 per cent interest rate cut yesterday, Tuesday 4 December 2012. The big four banks chose not make an announcement as to whether or not this rate cut would be passed on to customers, a decision which would have been made and announced promptly in the past.

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End of the credit card gouge

For years Australians have been paying over the odds for the convenience of paying by credit card. A new ruling by the Reserve Bank of Australia (RBA) means fairer surcharges will soon be on the cards.

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