Sluggish wage growth and low inflation kept the low cash rate environment intact.
The lower rates will be available to new customers for a limited time
The central bank is keenly aware of average household’s sensitivity to interest rate changes.
Some analysts say the Commission could lead to higher mortgage rates
Majority of economists are expecting the RBA to raise rates in the middle of next year.
Higher interest rates could help cool the red-hot eastern capitals
The bank hopes to attract new customers and grow nationwide
The efforts to cool the housing market compel banks to lift rates