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ASX down 0.8% with iron ore prices in freefall – The Sydney Morning Herald

Regulators could set restrictions on new home loans by the end of the year as house prices surge, analysts say.

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Westpac is the latest big bank to take the knife to interest rates on savings accounts, as lenders try to protect their profit margins from the pressure of ultra-low interest rates.
The bank on Friday cut savings rates by between 0.1 and 0.5 percentage…

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