NAB has no plans to raise its standard variable interest rate higher than any move the central bank makes to the official cash rate this month.
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NAB has no plans to raise its standard variable interest rate higher than any move the central bank makes to the official cash rate this month.
Punters expect that the Reserve Bank of Australia will leave the official cash rate unchanged when its board meets in April, bookmaker Centrebet says.
Australia & #39;s big four banks say they will hold standard variable home loan rates steady after the central bank left the official interest rate unchanged.
The central bank will almost certainly raise the official interest rate next week as it tries to keep inflationary pressures in check.
While further interest rate rises can be expected next year, one mortgage broker believes it is unlikely that the official cash rate will top five per cent.
Punters are backing a 25-basis-point increase in the official cash rate when the RBA holds its next board meeting on Melbourne Cup Day, November 3.