Sep.02 — A surprise interest rate-hike for Australian mortgage holders should further delay a Reserve Bank policy tightening that markets have already pushed out to 2020. Westpac Banking’s decision to raise borrowing costs last week will likely be repeated by other major lenders. That would further sideline the RBA, already on hold for two years at a record-low 1.5 percent and set to remain there at Tuesday’s policy meeting. Bloomberg’s Garfield Reynolds reports. …read more
Source:: Yahoo Finance
