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Why credit card interest rates are so high
If the Reserve Bank's official cash rate is 1.5 per cent and you can borrow for a home at 4.4 per cent, why are credit rates as high as 21 per cent?
Peter Martin is the Economics Editor for The Age.
If the Reserve Bank's official cash rate is 1.5 per cent and you can borrow for a home at 4.4 per cent, why are credit rates as high as 21 per cent?
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