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Newcastle Herald
Newcastle Herald
Business
Penelope Green

Greater Bank holds back on passing on latest RBA rates rise in full

Greater Bank chief executive Scott Morgan

HUNTER lender Greater Bank will not pass on the full brunt of the Reserve Bank's latest rate increase, lifting its base rates by 45 points instead of the "full" 50 point rise delivered by the central bank.

On Tuesday, the Reserve lifted the official cash rate by 50 points to 2.35%, the fifth rate rise in as many months.

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