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The Commonwealth Bank is a joke - just behind the NAB

Commonwealth Bank cuts rate on standard variable home loan to 7.01pc

BY: SCOTT MURDOCH From: The Australian May 03, 2012 2:34PM

 THE Commonwealth Bank of Australia (CBA), the nation's largest home lender, will hold back some of the benefits of this week's rate cut by reducing its mortgage rates by 40 basis points. The bank announced that its standard variable rate will now be 7.01 per cent.