Interest rates may stay put in February: CBA

By Jessica Stanic · 21 December 2009 · Locked

Interest Rates on Hold? Major Banks Weigh In

The Reserve Bank's rate rise may not be the final word. Find out what's behind the Commonwealth Bank's warning of a potential hold on interest rates.

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Summary

Interest rates may be put on hold in early 2010 as a result of major banks lifting their interest rates higher than the RBA’s, according to Commonwealth Bank chief executive Ralph Norris. The Reserve Bank’s 25 basis point rate rise to 3.75 percent in December was followed by Westpac’s controversial 45 basis point rate hike […]