Bankers act like cartels to the detriment of customers, Australian bankers just increased the mortgage rates a shade higher: see table below. As the Basel norms on capital buffer comes to play, bankers seem eager to pass on costs of capital maintenance to the customer.
The Aussie property market seems to be signalling higher interest rates; or is it just that banks are covering some potential inefficiencies?
Bank
|
Hike in percentage
|
Westpac
|
0.20
|
Commonwealth
|
0.15
|
National Bank
|
0.17
|
ANZ Banking Group
|
0.18
|
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