So today ANZ have announced they are putting up their variable rates despite the RBA remaining unchanged. Citibank have also announced a change in their fixed rates from 5.75% to 5.99% effective Monday 13/2.
There has been much speculation over the movement of rates, with many predictions that they will continue to go down. Everyone has an opinion, what's important is having an educated opinion.
I believe rates are fairly close to the cost of funds for most banks, and unless the Euro collapses I cant see them plummeting.
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