Update: 4.40pm WESTPAC Banking Corporation will be reduce lending rates to all customers by 50 basis points or 0.5 per cent effective May 1st, 2007
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The reduction in rates reflects the improved liquidity situation that has followed since the introduction of the Credit Ceiling by the Reserve Bank of Fiji on November 30, 2006.
Westpac General Manager John Cashmore said Westpac welcomes the Reserve Bank's announcement on Friday of a reduction in the Statutory Reserve Deposit requirement from 7 per cent of deposits to 6 per cent
The Rest from the Fiji Times
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