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Board statement on Interest Rates

The Board of TMCU have decided to reduce the interest rate on all existing and new variable home loans by 0.10 basis points. This change will take effect from 1st September 2019.

The Board of TMCU noted that Interest rates changes are often a difficult decision to make, and require balancing the interests of borrowers and depositors.

The Board will reconsider that balance if further cash rate reductions take place in the months ahead.

 

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