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Macquarie scrimps on cuts for new borrowers

Dec 06, 2018 - Australian Financial Review

Macquarie Bank, which is on track for another record year of profits, is set to cut rates for new property borrowers by half the amount it recently increased rates for existing borrowers.

The bank is also introducing higher lending buffers for borrowers and tightening scrutiny of their capacity to repay, particularly for company directors reliant on directorship payments to service their loan.

Its latest round of rate changes, which are expected to be announced on Thursday, are targe...