Don't bank on mortgage rate cuts

Even if the RBA cuts interest rates this year as expected, banks won't follow suit with mortgages because the composition of their funding costs has changed dramatically.

Amidst all the smoke generated by the interest rate battle between the big banks and the government, Bendigo Bank chief executive Mike Hirst in his KGB interview details a major change in the component costs of bank funding. As a result, those expecting big mortgage rate falls are likely to be wrong.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles