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Big 4 banks yet to budge on interest rates

Homeowners and investors are being urged to consider their refinancing options, with Australia’s biggest banks declining to pass on the Reserve Bank of Australia's interest rate cut in full.

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Homeowners and investors are being urged to consider their refinancing options, with Australia’s biggest banks declining to pass on the Reserve Bank of Australia's interest rate cut in full. 

While the Commonwealth Bank of Australia and Westpac reduced interest rates for fixed rate customers, variable rate clients of the Big Four banks have been left waiting after the RBA slashed the official cash rate to 0.1 per cent this week.

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