Banks are continuing to hike interest rates even while the RBA keeps the cash rate flat. With the CBA increase the rates of both their 2 year and 4 year fixed home loans.
Fear is mounting that Negative Interest Rates may be coming to Australia. Can you imagine the impact on housing?
Central Banks have been spending trillions, let’s look at home many world-class companies they could buy in their entirety?
New research from Westpac indicates that an increasing number of people are planning to sell their homes to reap profits and with an eye to downsize.
#Finance #Economy #HeiseSays Westpac Hikes Interest Rates as the cheap money from the reserve bank comes to an end. References Westpac hikes two- and three-year rates https://au.finance.yahoo.com/news/westpac-hikes-interest-rates-230924695.html
ANZ expects to close more branches as demand for over the counter services declines. Is this foreshadowing a return of the retail recession?
Banks continue to raise home loan interested rates even as the RBA keeps rates on hold.
Banks Continue Hike Interest Rates
Quantitative Easing will continue until 2022 and the RBA will own 38% of Australian Government Securities. More than the FED in the US and approaching Japan.
Danske Bank has lowered the threshold to charge retail clients negative interest rates.