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1.Market Observations, 8.Was Sticky

21 Nov 2016 (TheAge) – Savers hit as CBA cuts term deposit rates

(21 November 2016, The Age, BusinessDay, p21, Clancy Yeates)

‘Commonwealth Bank has sliced a range of term deposit interest rates, the second round of cuts since August when it was trumpeting higher rates on deposits as a win for savers. It blamed the latest cuts, which took effect last week, on changes in credit markets and the ultra-low interest rate environment, which is crunching banks’ profit margins.’



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