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15 Dec, 2019

Term Deposit Review – November 2019

By |2021-09-24T17:39:02+10:00Dec 15, 2019|Deposits, Market Commentary|

Activity proved considerably more muted in November, with the RBA electing to leave the cash rate unchanged at 75 basis points.  Rate momentum slowed after a difficult month for depositors, with less pressure on banks to preserve margins.  While the RBA Board has signaled a willingness to lower rates further in 2020, the rate environment for the moment remains largely [...]