Have interest rates finally peaked?
As economic factors play tug-of-war with interest rates, speculation is rife that the Reserve Bank's next move might be downwards but others are less convinced.
The RBA is hinting upwards, the banks are saying downwards, so which way will interest rates move next? (Image source: Shutterstock.com)
Consecutive months of the official cash rate being left on hold have raised hopes among many borrowers that the next move by the Reserve Bank may be to cut rather than hike.
Just over a month ago financial institutions were tipping rates would not peak until there had been at least one more rate hike but the RBA’s newfound cautious tone has them rethinking.
Among the four biggest banks and AMP only one, NAB is tipping another 0.25 per cent inte…
