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Australian banks could start raising variable interest rates on customers before the end of the year, according to a survey of economists – Business Insider Australia

It’s likely the last thing homeowners and investors want to hear right now, but Australian interest rates could be about to jump unexpectedly.

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  • Australians could face rising interest rates in the coming months as banks feel the heat.
  • A majority of the economists surveyed by Finder expected variable rates to rise before 2021 without any move by the Reserve Bank of Australia.
  • It would place homeowners and investors under more pressure, with one in nine already unable to make their repayments.
  • Visit Business Insider Australia’s homepage for more stories.

It’s likely the last thing homeowners and i…

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