We’re already in February and in less than 2 months since the start of 2022, the big 4 banks have all hiked their fixed rates. In fact, Westpac has hiked twice this year!
The official cash rate has been kept at a record low 0.1 per cent – for now – while the Reserve Bank of Australia (RBA) has confirmed it will halt the bond buying program that helped to support the economy through the Covid-19 crisis.