RBA Home Mortgage rates to stay on hold

Rick Adlam — Sat, 17 Dec 2011 09:11:32 +0000

In a shock move the board of the Reserve Bank of Australia has put off any interest rate increases for the time being. The reason seems to be that the Greedy Banks such as Westpac, who had shamelessly hiked home mortgage rates above the last cash rate increase, had done the damage that a rate increase would have done this week, so no rate increase was called for it seems.

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RBA Home Mortgage rates to stay on hold