When rates move they will move in one direction and likely progress smoothly. The risk is that the change has a higher upside risk v's downside. While flat seems logical now with dampened growth, poor commodity prices etc the yield curve does suggest if it growth takes off (?) that the RBA wont hesitate to use rates.
Progressive small rises of .20-.30% quickly add to 1.5% taking the avg variable rate up over 6.25%
Progressive small rises of .20-.30% quickly add to 1.5% taking the avg variable rate up over 6.25%