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Big four banks unanimous RBA will raise rates next week
Original: Big four banks now unanimous the RBA will lift rates next week | Finance Report | ABC NEWS
Australia's four major banks now all expect the Reserve Bank of Australia to increase interest rates at next week's meeting, according to an ABC News finance report. The shared forecast suggests markets and economists see fresh inflation pressure making another rate hike likely, with borrowers bracing for higher repayments.
Why now: A unanimous rate-hike call from all four major banks signals growing conviction about imminent monetary tightening, affecting mortgages and household costs.
Reserve Bank of AustraliaABC NewsANZCommonwealth BankWestpac
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- Big four banks now unanimous the RBA will lift rates next week | Finance Report | ABC NEWS · ABC News (Australia) · 59K
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