Banks on the rise

[Bart]

With speculation that the RBA was going to cut the official cash rates yesterday, when that didn't eventuate the Big 4 banks went on the front foot to speculate that they may still increase their home mortgage rates.
Only under a Labor government do the banks increase rates by more than the RBA or even when the RBA haven't increased them at all.


The banks reasoning is to protect their profit margins, which is an arbitrary amount.
Each year the banks try and increase their profit margins so can expect that next year that margin will be increased again the banks will have an excuse to increase rates even more.

And as for Wendy
he has no idea at all.

http://www.heraldsun.com.au/news/more-n ... 6265209073