Place your bets for an interest rate rise this Melbourne Cup day

Mr Bailey, not going to be winning Melbourne Cup anytime soon.

Quick one this week.

Last week’s stubborn inflation numbers have seen a couple of major lenders quietly change their forecast from no rate rise this year to a 0.25% rate rise for the November RBA meeting - the 4th rate rise for the year and the highest cash rate in 15 years.

Plan accordingly. (Setting your hopes on winning on a 100-1 sure thing tip from uncle Bob on Melbourne Cup day doesn’t count)

(If you know your ability to borrow is line ball atm, get your refinancing done before then)

Sounds a long way off but thats only 9 weeks away - where has the year gone?

Look forward to your email at reggie@thunderboltlending.com.au or call me 0403397060

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