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Increase in swap rates another headache for the banks

By Daryl Dixon
Updated May 25 2018 - 7:41pm, first published 11:47am

On top of a challenging couple of weeks for the banks in the media, the banks’ domestic funding costs are already beginning to increase due to recent increases in the short-term Bank Bill Swap Rate (BBSW) – the benchmark interest rate used to set interest rate swaps by financial institutions.

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