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Several major Australian banks, including the Commonwealth Bank of Australia (CBA), Westpac, and NAB, have recently been criticized for reducing term deposit rates while not adjusting mortgage rates. The CBA, the country's largest lender, has also cut interest rates for some of its home loan products for new customers, raising concerns about a potential mortgage war. These actions have drawn significant attention and criticism from the public and financial analysts.
Some of Australia's biggest banks found themselves in the headlines this week after confirming that they were reducing a handful of their interest rates. https://t.co/piGF8NLifQ
Another major bank has moved to slash fixed and variable rates, following other lenders including Westpac and NAB. MORE: https://t.co/awHaP6EVSn https://t.co/3sJizK5u3s
🔵 CBA CUTS RATES FOR NEW BORROWERS RE-IGNITING MORTGAGE WAR FEARS Full Story → https://t.co/Fkgs7SxVBb Commonwealth Bank of Australia, the country's biggest lender, cut interest rates for some of its home loan products for new customers on Friday, stoking fears of spurring… https://t.co/Go7UjpUM8a
