Although the Reserve Bank left interest rates unchanged last week, but the banks have started to hike their floating rates
Wednesday, December 10th 2003, 2:47AM
by The Landlord
The Reserve Bank may have stayed its hand last week, leaving its Official Cash Rate (OCR) unchanged at 5%, but wholesale interest rate markets have had other ideas and already lenders are responding by raising their floating mortgage rates.
Westpac led the way back on 11 November in what one observer calls a "risky" move.
