The Reserve Bank yesterday eroded the case for widely expected major bank ex-RBA rate hikes.

In its half-yearly Financial Stability Review, the Reserve Bank said major lenders had been able to recoup their higher funding costs over the past two years – the primary reason being cited as a case for any rate hikes according to information reported on Broker News yesterday.

The RBA said banks had managed to mitigate their higher costs through their rising net interest margins on loans.

It will be interesting to see if the banks listen and, if not, what happens next?

• ING lifts Fixed Rates
• The tide has turned
• Reserve Bank Meets Today
• CBA Fixed Rate drops
• No rate rises outside of RBA
• ING REDUCES their variable rate!
• Fixed Rate Changes
• Fixed Rates Dropping!
• PLAN Lending Reduces Fixed Rates!
• Reserve Bank leaves Official Cash Rate unchanged

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