SMEs suffer from bank rate freeze

By Adeline Teoh · 9 January 2009 · Locked

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Summary

Small businesses are not receiving the full benefit of the Reserve Bank’s recent rate cuts because banks aren’t including the cuts in business banking products, according to a financial research service. Canstar Cannex has released figures that show homeowners benefiting from a 2.8 percent rate cut of the three percent announced since September, while businesses […]