What are the banks going to do with interest rates now?

Following the RBA’s decision to hold fire on the cash rate, attention is now turning to the banks.

Will they lower interest rates soon?

Michelle Hutchison from RateCity explains what to expect in this interview with Peter Switzer.

Remember how the banks said they may drop rates even if the RBA doesn’t? Will they really do this?



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Michael Yardney


Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit

'What are the banks going to do with interest rates now?' have 1 comment

  1. February 7, 2013 @ 8:15 am Simon Taylor

    The global race to devalue has begun.

    It’s simple, whoever can cut the value of their currency the fastest, wins.

    From where I’m sitting in the recession weary UK were rates sit at 0.5%, the Aussie Dollar has to fall to keep your commodity hungry customers in Asia and their global export market happy.

    Your property market is creaking, tourism is struggling and borrowers are having to service mortgages on rates of 6% plus.

    What are you waiting for Australia, catch up, join the currency war and cut rates now!


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