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Genworth Financial, Inc. Message Board

  • c_wallis_jr c_wallis_jr Mar 27, 2013 10:40 AM Flag

    Other economic news (March 26) from downunder:

    -Australian home-owners have repaid ahead of time about 20 months worth of scheduled loan payments, the Reserve Bank of Australia said in its semiannual financial stability review released in Sydney today.
    -Australians’ savings rate held above 10 percent of disposable income in the nine months through December, compared with minus 0.1 percent in the first quarter of 2006.
    -The RBA lowered borrowing costs by 175 basis points in the 14 months through December, matching a half-century low of 3 percent, to help offset the drag on the economy from a high currency and to boost industries including construction as mining investment is predicted to crest this year. It kept rates unchanged at the first two meetings this year.

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