Mountaineer@lemmy.world to Australia@aussie.zoneEnglish · 1 year agoRBA interest rates: Reserve Bank of Australia leaves official cash rate steady at 4.1%www.theguardian.comexternal-linkmessage-square16fedilinkarrow-up156arrow-down10cross-posted to: [email protected]
arrow-up156arrow-down1external-linkRBA interest rates: Reserve Bank of Australia leaves official cash rate steady at 4.1%www.theguardian.comMountaineer@lemmy.world to Australia@aussie.zoneEnglish · 1 year agomessage-square16fedilinkcross-posted to: [email protected]
minus-squareBadlyDrawnRhino @aussie.zonelinkfedilinkEnglisharrow-up8·1 year agoAlready got a message from NAB yesterday that our mortgage repayments are going up yet again, so unless they’re backtracking on that after today’s decision, I feel like many people are in fact not breathing a sigh of relief.
minus-squareInstigate@lemmy.worldcakelinkfedilinkEnglisharrow-up7·1 year agoSome banks aren’t passing on rate rises immediately; it could be that NAB is incorporating a previous cash rate rise into your new interest rate.
Already got a message from NAB yesterday that our mortgage repayments are going up yet again, so unless they’re backtracking on that after today’s decision, I feel like many people are in fact not breathing a sigh of relief.
Some banks aren’t passing on rate rises immediately; it could be that NAB is incorporating a previous cash rate rise into your new interest rate.