- As a a meeting today the Reserve Board decided to increase the cash rate target by 25 BP's to 7 %.
Richard Taylor | Australia's leading private lender
The countdown has started. How long & which bank will raise their lending rates?
will all banks raise their rates??
ING & Bank West announced a 25 Bp's increase within 3 hours of the decision.
I think they will ALL increase their rates.
Richard Taylor | Australia's leading private lender
i really should be getting used to this..
They surely will – but their are two things to watch for that will make it interesting (for want of a better word)
1) Will they use it as an excuse to 'even' their rates again? It is a first for me to have seen the major banks with different rates!
2) While they will likely all be up Friday if not before, keep an eye on the fixed rates. There was almost two weeks last time between the first lender (which bank?) and the last one to raise these last time.Interesting email from Steve McKnight as the forum host, with his personal view that they will kep gong up to. Hope he's wrong – but sadly I think not. Hold on!
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