Interest Rates Stable For July 2016
Jul 5, 2016
ANZ, Bank of Melbourne, Bank of Queensland, BankWest, Commonwealth Bank, Fixed Rates, Home Loans, ING Direct, Interest Rates, RAMS, St George, Suncorp, variable interest rate, Westpac
by Administrator
Three days after the 2016 election The Reserve Bank of Australia has today announced that it has decided to keep the cash rate on hold at 1.75% . There is a very strong chance that variable interest rates are likely to fall next month but we will have to wait and see.
We expect that most lenders will leave their variable interest rates unchanged but we will continue to monitor lenders for rate changes outside the official rate. We will also keep to up to date with commercial loan interest rates.
If you have any questions about the announcement or interest rates, please feel free to contact us.
To view and compare current home loan and investment loans click the link below.
| Current Bank Interest Rates | Rate Cut and Date |
| Adelaide Bank / Bendigo Bank | No Change Announced |
| AMP | No Change Announced |
| ANZ | No Change Announced |
| Bank of Melbourne | No Change Announced |
| Bank of Queensland | No Change Announced |
| BankWest | No Change Announced |
| Citibank | No Change Announced |
| Commonwealth Bank | No Change Announced |
| ING Direct Bank | No Change Announced |
| ME Bank | No Change Announced |
| Heritage Bank | No Change Announced |
| NAB | No Change Announced |
| St George Bank | No Change Announced |
| Suncorp Bank | No Change Announced |
| Westpac | No Change Announced |
