I guess Brad means because the 5 & 10 year fixed loans have not been adjusted to account for the expected rate rise? Then again, perhaps they (the banks) know something that the commentators & media don’t!
Thanks for a very interesting post Kerwyn. I agree that things are looking grim out in the real world. I’m not sure at all that the RBA needs no ‘raise the rates’. Whether it does will depend on when/if the true economic picture becomes clear – and when/if people stop taking on debt an unsustainable levels.
Cheers, F.[cap]
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