Australian banksAustralian interest ratesAustralian Property

ME Bank joins the little bank rate hikes rush

David Llewellyn-Smith
Monday, 4 February 2019
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How far down are house prices again? Via The Advisor:

The second wave of out-of-cycle rate hikes has continued, with a non-major lender lifting its mortgage rates by up to 18 basis points.

ME has announced it will increase its home loan interest rates for both new and existing borrowers by up to 18 basis points, effective 7 February.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.