Interesting interest rates future speculation

Interesting interest rates future speculation

ANZ has revised its rates forecast ruling out any further rate cuts, joining the CBA and NAB, stating that the cash rate is likely to stay on hold through 2026, leaving Westpac standing alone with its expectations of two rate cuts in 2026.

With inflation rising and unemployment around 4.3%, the hope of near-term rate cuts is not expected as some economists are signalling that the next rates movement could be upwards.

Competitive mortgage rates are still available for borrowers willing to refinance or negotiate, while term deposit rate increases (34 banks lifting at least one TD rate in November) suggest markets think further cash rate cuts are unlikely.