SYDNEY Aug 2 Commonwealth Bank of Australia (CBA), the country's top mortgage lender, said on Tuesday it has lowered interest rates for home owners and small businesses following a 25 basis point rate cut by the country's central bank.
CBA cut its variable mortgage rate by 13 basis points to a record low of 5.22 percent for owner-occupied homes and 5.49 percent for investors of housing properties. It reduced rates for small business by a similar quantum.
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