‘Budget needs to target housing choice and affordability in regions’
While the upcoming federal budget is expected to focus on job creation, experts believe an opportunity exists for a “p...
Making headlines today, The Australian Financial Review has reported that wholesale funding costs could force Australia’s major banks to move above and beyond any future rate increases by the RBA.
Australian banks are under political pressure not to raise lending rates independent of the RBA, especially in an election year. However, this may not be feasible if wholesale funding costs continue to spike.
In the past two months, new funding costs have risen, on average, 0.2 to 0.8 percentage points – at the same time the RBA has kept rates on hold.