RBA Interest Rate could be as low as 1% within a year, page-5

even if the rba 'cash rate', which is the overnight money market interest rate, goes to zero, mortgages could still rise, as around 90% of the big banks lending is not funded from deposits! much of the big bank funding is from europe!

http://www.smh.com.au/business/more...ean-debt-markets-in-2015-20150106-12j2k4.html