The Reserve Bank is unlikely to cut interest rates further according to a major bank, but rates could start rising as soon as next year
Three non-banks and a non-major have joined the recent flood of rate cuts
As low interest rates entice businesses to invest in growth by increasing borrowing, brokers need to be prepared
A non-bank lender has cut its near prime and specialist rates by 0.65%.
Lenders have responded to the Reserve Bank’s decision to cut the official cash rate by 25 basis points to 2% yesterday by announcing cuts to their borrowing rates
The RBA’s rate cut decision could be overshadowed by the release of the Budget, it has been claimed