Peter White discusses Interest Rate Rises with 'The Adviser'

PETER WHITE DISCUSSES INTEREST RATE RISES with 'the adviser'

All four major banks (ANZ, CBA, NAB and Westpac) have all already announced they would be raising rates by the fill 25 basis points. 

Eyeing the start of rate rises, Peter White, managing director of the Finance Brokers Association of Australia (FBAA) commented brokers must now “shine a spotlight on the future behaviour of the banks”. The industry body head has also called on the government to ensure banks do not raise mortgage rates unless they prove the cost of funds has risen.

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