ANZ holds in­ter­est rates

Port Douglas & Mossman Gazette - - REAL ESTATE -

ANZ has left its in­ter­est rates on hold for March de­spite ad­mit­ting its fund­ing costs have fallen. ‘‘We have seen some eas­ing of new fund­ing costs from both whole­sale mar­kets and domestic de­posits over re­cent months which has taken some of the pres­sure off ,’’ ANZ Aus­tralia chief ex­ec­u­tive Philip Chron­i­can said. ‘‘Com- bined with other fac­tors how­ever, the range of on­go­ing pres­sures saw the ANZ Group’s net in­ter­est mar­gin fall slightly in the first quar­ter of our 2013 fi­nan­cial year.’’

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