Instigate@lemmy.worldtoAustralia@aussie.zone•RBA interest rates: Reserve Bank of Australia leaves official cash rate steady at 4.1%English
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1 year agoSome banks aren’t passing on rate rises immediately; it could be that NAB is incorporating a previous cash rate rise into your new interest rate.
I’m happy that they haven’t moved this month but disheartened that they’re considering further rises. Inflation has really started ticking back down and while it’s not back in the ‘goldilocks’ zone yet things are definitely easing. They really need to wait and see what the mortgage cliff towards the end of the year will do to the market before moving up anymore as they could be directly responsible for pushing us into recession.