Keeping interest rates on hold at 4.25 per cent the Reserve Bank has ignored some growing concerns about job losses and a downturn in the non-mining economy, keeping interest rates on hold .
Editors at Money Pages believe individual bank rates will continue to be volatile while the banks claim funding conditions remain fragile upon the European Union‘s austerity measures and higher costs of funding with frequent movements from lenders.
Friday the 13th will see ANZ review their rates independently and we will most likely see the other majors CBA, NAB and Westpac wait for ANZ’s announcement.
Click Here To Learn More About How Interest Rates Effect Low Doc Mortgages
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