Interest Rates On Hold – What Will the Banks Do?

Today the RBA left interest rates at 4.25% but there are some murmurings that the major banks are going to lift rates again.

It will be interesting to see who pulls the trigger first. ANZ  took the brunt of the criticism last month when they announced the increase before all others. However, they increased their variable rate less that all of the other majors.

It will be interesting to see what the banks will do this time round but we may expect an increase.