No interest rate relief predicted this year, major bank tells mortgage holders

Until Monday, the ANZ was in line with CBA, NAB and Westpac in forecasting that a RBA cut would land this November.Until Monday, the ANZ was in line with CBA, NAB and Westpac in forecasting that a RBA cut would land this November.ANZ became the first of the big four banks to push their prediction of a Reserve Bank interest rate cut into 2025, adding to signs mortgage relief may still be some way off.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup “Despite the softening in activity, capacity utilisation remains above average, which suggests the process of bringing supply and demand back into balance remains incomplete,” Alan Oster, NAB’s chief economist said.Our Australian morning briefing breaks down the key stories of the day, telling you what’s happening and why it mattersOster said there were “reasons to be very wary about the inflation outlook”. The NAB survey found labour cost growth quickened to 2.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ANZ ASIC: Traders finger ‘pre-hedging’ in ANZ bond probeFixed income traders say pre-hedging is “a grey area” riddled with inherent conflicts of interest. ASIC has already targeted Westpac over the practice in swap markets.
Source: FinancialReview - 🏆 2. / 90 Read more »