Business
Why banks raising rates might sideline RBA – The Australian Financial Review
Financial markets are probably not focused enough on the fact that Australian banks unilaterally lifting mortgage rates has huge…
In fact, we are already seeing banks slash variable rates down to 2 per cent while jacking up fixed rates from sub-2 per cent to 2.5 per cent or more.
A combination of the RBA lending the banks $188 billion plus a surge in deposit inflows care of massive…
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