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Posts Tagged ‘official RBA cash rate’

 

  • Banks say they will be forced to lift rates
  • Will be more than official RBA rises
  • Facing higher costs of raising money
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    BANKS have confirmed homeowners’ worst fears: they will increase mortgage rates by more than the official Reserve Bank rises in the coming months.

    The Big Four banks claim they will be forced to lift interest rates beyond the official RBA cash rate increases because they are facing higher costs of raising money in the wholesale markets.

    Full story  :  http://www.news.com.au/business/money/story/0,28323,26194165-5013952,00.html

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