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Financial services

RBA governor backs banks on rate rises

PUBLISHED: 21 Feb 2012 11:42:00 | UPDATED: 22 Feb 2012 12:27:36PUBLISHED: 21 Feb 2012 PRINT EDITION: 22 Feb 2012
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Reserve Bank of Australia governor Glenn Stevens has weighed in to the debate over bank funding costs, defending the decision by the four biggest banks to raise mortgage rates this month.

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