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Imb Passes On Full Rba Rate Cut

Illawarra Mercury

Saturday December 6, 2008

By Business Editor GREG ELLIS

THE IMB yesterday announced it would pass on the full Reserve Bank of Australia cash rate cut and reduce its variable home loan rates by 1 per cent per annum.

The building society's decision to cut interest rates by 1 per cent per annum keeps IMB's variable home loan rate under those of all major banks.

© 2008 Illawarra Mercury

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