Melbourne Cup Day – Interest Rates Remain Unchanged
Today’s Melbourne Cup day meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%.
We have noticed that most of the major banks have halted their increases of variable rate loans for interest only and investment loans for now.
At Smart Search Finance we continually monitor lenders for interest rate changes outside the official rate, however, we expect that most lenders will leave their variable interest rates unchanged following the announcement. We also expect the cash rate to remain stable for a number months to come.
INTEREST RATE ANNOUNCEMENTS
No changes reported.
| 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 |
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.
If you are looking for a commercial loan or looking for a better deal please visit our commercial loans website.
