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This blog is brought to you by Gilbert & Samuels Company Limited, a financial advisory services and consulting company based in Suva, Fiji.
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Tuesday, April 03, 2007

Movement in Interest Rates for Westpac and Colonial

The updates on interest rates released by Westpac and Colonial and posted on the blog today, Tuesday, 3 April 2007, indicate that lending rates for the two banks have remained at the same levels as their last release in early March 2007. Westpac's deposit rates have remained at the same levels while Colonial recorded a change in deposit rates for terms of 9 months which fell from 6% to 5%, while deposits for terms of 1 year fell from 7% to 6%.

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3 Comments:

At 11:51 AM, Blogger laminar_flow said...

Sounds banks in Fiji are using a model similar to predatory interest rate hikes.

Does RBF monitor these interst rates?

 
At 12:34 PM, Blogger Gilbert Veisamasama, Jr said...

RBF monitors the movement of the averages of banks' lending and cost of funds (made up primarily of deposit rates). It also makes a commentary on interest spreads in its Quarterly Review.

 
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