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The Reserve Bank’s decision to increase the cash rate by 25 basis points in November, after leaving the rate unchanged for four months, served as an opportunity for some banks to restore their margin by passing on the full rate increase (or more) to borrowers while holding back on savings rate increases.
A couple who say their $90,000 life savings vanished from their Commonwealth account during a bungled transfer are in hiding after a media blitz highlighting their anguish turned sour.