NAB replicates specufestor rate cut

At Domain:

NAB followed CBA by saying it would cut rates for owner-occupiers and investors paying principal and interest by 0.15 percentage points. It will cut rates on interest-only loans for investors by 0.3 percentage points.

As we said in our last quarterly report, interest-only loans have been so de-risked that they are now an upside risk for property prices:

Letting it reflate is madness.

David Llewellyn-Smith
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