The CBA home rate rise last week is typical of Australian banks’ cartel behavior, but don’t expect Rudd, Gillard and Swan to do anything about it, writes Adam Schwab.
Home loan rates
You can now bank on the banks to lift their rates again
Stand by to be screwed by your “friendly” bank after the Reserve Bank boosted interest rates yesterday by 0.25% to 7%, writes Glenn Dyer.
