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Interest rate decision announced

Interest Rates(
Interest rates remain on hold this morning but economists are tipping the Reserve Bank will lift rates again as early as February.

The cash rate stays at 6.75 per cent after two rate rises this year, the most recent during last month’s federal election campaign.

Some homebuyers, however, do face increased mortgage repayments with Adelaide Bank this week passing on to some home loan products its higher overseas borrowing costs caused by lingering pressures in global credit markets in the wake of the US sub-prime mortgage market crisis. More….

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