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Rates on their way down

The Official Cash Rate is now falling, with more cuts expected in 2008 and into early 2009.
However, global funding costs remain high as financial conditions remain challenging.
Mortgage rates have fallen substantially since May, and will continue to edge down.

Read the full PDF report.

www.asbsecurities.co.nz www.asb.co.nz www.commbank.com.au

In order to read these documents you will need to have Adobe Acrobat Reader. If you do not have this software installed on your computer, please click on the Adobe link below to download it. (The software is free of charge).

Report Prepared by:

Chris Tennent-Brown
CBA NZ Economist
Phone: +64 9 374 8819
Fax: +64 9 302 0992


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