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Draghi's QE stance impacts Australia mortgages

Lower home-loan rates in turn boost domestic demand Down Under
Tuesday, September 2, 2014 - 06:00

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European Central Bank president Mario Draghi's shift towards quantitative easing is reverberating 17,000 kilometres away in lower Australian mortgage rates - PHOTO: BLOOMBERG

[SYDNEY] European Central Bank president Mario Draghi's shift towards quantitative easing is reverberating 17,000 kilometres away in lower Australian mortgage rates. Mr Draghi's Aug 22 comment that he will "use all the available instruments" to stabilise prices added to an already benign

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