One of Australia’s biggest banks has increased its fixed rates for borrowers for the second time in just over a week. 7NEWS
The back-to-back hikes come ahead of the Reserve Bank of Australia’s August rates decision - with the big four banks divided on whether another increase is coming.
“If borrowers are looking to fix anytime soon they’d do well to keep an eye on what the big banks are doing, or better yet, look beyond them.” Borrowers on variable rates could also be in for more pain, with the Reserve Bank to meet on Tuesday. But it noted in its minutes that “some further tightening of monetary policy may be required to bring inflation back to target within a reasonable timeframe”.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Donald Trump mocks Republican rivals a day after fresh charges against him | 7NEWSDonald Trump has mocked his Republican rivals telling supporters the court cases against him are about stopping his political comeback. The former US President made the comments a day after prosecutors ramped up their charges against him. telester 7NEWS
Read more »
Police are cracking down on NSW gang crime | 7NEWSSpecialist police have started raiding homes in connection to the bloody, gangland shootings that have rocked Sydney's southwest, but just blocks away from where the violence took place families were out enjoying the weekend. SydneyCrime 7NEWS
Read more »