July is crunch day for 800,000 odd home loans switching from Fixed rates to the new variable rates
They just went up a few minutes ago to "RBA lifts cash rate by 0.25 percentage points to 3.85%"
Average new rates will be 4.8%+ or more?
My view is people borrowing at almost 0% interest rates not expecting a normal rate of interest are a bit silly or poorly informed!
Ditto for business including several US banks?
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- Will the RBA be able to keep banks afloat as fixed loans switch to variable?
Will the RBA be able to keep banks afloat as fixed loans switch to variable?, page-4
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