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David Cunningham: Squirrel Mortgages CEO on the reducing home interest rates
Lower inflation is thought to be responsible for ASB reducing interest rates on its three, four, and five-year home loans.\xa0
The Official Cash Rate's predicted to peak early this year before falling, and inflation is lower than previously predicted.\xa0
Squirrel Mortgages Chief Executive David Cunningham told Tim Dower that he believes the Reserve Bank would like to see retail banks continue to lower rates.\xa0
He thinks it would be pleased with how things are unfolding but would like to see one-year rates start to drop.\xa0
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