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In explicit, over the 12 months or so since the Reserve Bank applied the bundle of measures introduced in March 2020, the cash price declined by round seventy five basis factors. Funding costs for banks have declined by an analogous quantity and decrease funding costs flowed via to lower borrowing prices for households and companies . By early 2021, interest rates on variable-rate loans to SMEs had declined by around eighty five foundation factors and rates for large businesses had declined by round 90 foundation factors since the … Read More
