It's started. St. George lifts rates by 0.2%.

Hiya FH

I think mosyt of the non banks have already passed on this round because I suspect the mainstreams have been holding on and on.

ta
rolf
 
ANZ's turn

Hiya FH

I think mosyt of the non banks have already passed on this round because I suspect the mainstreams have been holding on and on.

ta
rolf

And ANZ has it's turn

The RBA has already indicated a while ago that the banks / non-bank lenders can either raise their rates, or the RBA will raise it's rates and force a queeze on margins of the banks forcing them then to raise them.... this latest round is pretty much a reflection of that green light as well as the increased cost of funds... I didn't think, however that CBA required a great deal of foreign funds for it's mortgage books.
 
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