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Will the banks provide interest rate relief?

CEO of the Australian Banking Association Anna Bligh joins Breakfast to discuss how banks are handling Australian customers during tough times.

Bligh says the 6 month deferral of repayments is being offered in order to give people a lifeline and interest will accrue during that time. How that interest is managed the end of the 6 months is a discussion between the borrower and the bank.

 

 

 

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