realestate.com.au·3 min read·medium
Major bank’s shock rate cut ahead of RBA decision
S
Sophie Foster
✦AI Summary
Major Australian banks are cutting fixed mortgage rates despite the Reserve Bank of Australia's warnings of potential future hikes. Analysts suggest this trend indicates the market believes the cash rate has reached its peak.
Lenders have begun jostling for space as many believe the cash rate target has peaked in the current cycle including NAB. Source: Lisa Maree Williams/Getty Images
businesseconomy
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