RBA winning more room to weaken currency
This is after lenders take steps to cool housing market; A$ remains 3.7% above 6-year low touched in April
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Sydney
THE Reserve Bank of Australia (RBA) is set to win more room to weaken its currency after lenders started doing their bit to cool the housing market.
Australia & New Zealand Banking Group Ltd (ANZ) said last week it will stop giving discounts on mortgage rates to investors, while National Australia Bank Ltd (NAB) also said it would respond to calls from regulators and limit such offers.
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