Quote:
Originally Posted by MITCHAY
Well my rates went up by 0.15 this week, after 0.08 in October so expect a letter in the mail I reckon. You'd think the banks might be shamed by the royal comission but it's business as usual  |
Most economists are predicting a couple of rate cuts this year. The banks are most likely raising rates now, so that when the reserve bank cuts the rates later in the year and they follow suit, they can say what great people they are by cutting rates alongside the reserve bank. Although the actual rate will be the same that it was now.