Property News · September 3, 2018

Sydney mortgages signal Australia’s central bank on hold to 2020


A surprise interest rate-hike for Australian mortgage holders should further delay a Reserve Bank policy tightening that markets have already pushed out to 2020.
Westpac Banking Corp’s decision to raise borrowing costs last week will likely be repeated by other major lenders, as typically occurs in Australia. That would further sideline the RBA, already on hold for two years at a record-low 1.5 per cent and set to remain there at Tuesday’s policy meeting. On top of that, weak…

Source : South China Morning Post
Read more…Sydney mortgages signal Australia’s central bank on hold to 2020

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