While RBA Holds Fast an Independent Rate Rise is Visible on the Horizon
Shhhhhh, if you sit very quietly and stare at the horizon you can see an independent rate rise peaking out behind those trees over there. We kid you not. But how do we know? The closing paragraph of last month’s RBA Minutes contained a surprise – “It was more likely that the next move in the cash rate would be up rather than down” – or could it have been viewed as an indication of what’s to come? Regardless, of which way you take the statement, the fact it was said and that Australian lenders are suggesting they will raise rates if the RBA won’t, should be enough for you to question if fixing your home loan is a good option.
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