ANZ bank logo on branch in Springvale (NilsBV/iStock)
Share this @internewscast.com
ANZ has become the third of the big four banks to strike down predictions of another cut to interest rates in 2025.

The bank now expects the next cut to come in February 2026, in a blow for mortgage-holders.

In the past eight days, three of the major banks have changed their economic forecasts on the cash rate, shifting the next anticipated RBA cut from November to next year.

ANZ bank logo on branch in Springvale (NilsBV/iStock)
ANZ is now not predicting another rate cut before 2026.(NilsBV/iStock)

ANZ and Commonwealth both expect the cut to come in February, while the NAB anticipates a wait until May.

All three banks expect just one more cut in the cycle.

Westpac is still forecasting cuts in November, February, and May, but its economics team said a November cut was “far from assured”.

The growing uncertainty around a further cut this year has prompted a warning to borrowers to be on the lookout for a competitive rate.

“Households waiting for the RBA to swoop in with a cut could be waiting a while. If you want to get ahead on your mortgage, take matters into your own hands by shopping around for a sharper rate,” Canstar data insights director Sally Tindall said.

“Owner-occupiers paying down their debt might be able to pick up a deal under 5.25 per cent, while investors can aim for under 5.5 per cent, particularly if they’re willing to pay both principal and interest. If you’re paying significantly more, it’s time to take action.”

She said cashback deals, while not as “abundant” as they were at their 2023 peak, were still available from multiple lenders.

And frequent flyer points were also being offered with loans from multiple banks.

“However, with any upfront sweetener, borrowers should remember, free flights and cold hard cash might sound appealing, but the real savings typically come from securing a low interest rate, particularly on larger loans and especially if you’re unlikely to refinance regularly,” Tindall said.

Share this @internewscast.com
You May Also Like

Brace for Impact: Hurricane Melissa Targets Cuba After Devastating Jamaica

Hurricane Melissa has ripped a path of destruction through Jamaica after making…

Perimenopause: The Silent Battle That Almost Took My Life and the Urgent Warning Every Woman Needs to Hear

A new generation of menopausal women are smashing taboos and shouting from…

Bindjareb Noongar Community Receives Historic Apology 191 Years After Pinjarra Massacre

Almost two centuries after the Pinjarra massacre, descendants of the Bindjareb Noongar…
Southeast Queensland was lashed with its heaviest downpour in more than six months.

Brisbane Breaks Rainfall Records with Wettest Day Since Cyclone Alfred

A pair of distinct trough lines swept across the state, unleashing torrents…
Kieran Foran (pictured with partner Karina) has opened up on why he chose to rejoin the Manly Sea Eagles

Kieran Foran Unveils True Motivation Behind Manly Reunion and Future Coaching Aspirations

Former Gold Coast Titans standout Kieran Foran has expressed his ambition to…
Mum claims she used recalled sunscreen for two years before skin cancer

Mother Reports Using Recalled Sunscreen for Two Years Prior to Skin Cancer Diagnosis

The controversy surrounding sunscreen in Australia has intensified as a skin cancer…
Donald Trump has complimented Anthony Albanese for doing a 'fantastic job' on a $13billion critical minerals deal, before the pair were seen clinking glasses and sitting side-by-side at an exclusive dinner. The meeting was held at the Hilton Hotel in Gyeongju, southeastern South Korea , on Wednesday on the sidelines of the Asia Pacific Economic Cooperation (APEC) summit.

Trump Praises Albanese at High-Profile APEC Gala

In a recent meeting at the Hilton Hotel in Gyeongju, South Korea,…
Cricket player fighting for life after being hit by ball in head and neck area Ferntree Gully

Young Cricketer Hospitalized with Severe Injuries After Training Accident

A young cricketer is fighting for his life in hospital after suffering…

Australian in Jamaica Shares Harrowing Experience of Hurricane Melissa

Key Points Hurricane Melissa has made landfall in Jamaica and is the…
Noah Caluori was plucked from nowhere as a late injury replacement for the Saracens bench for their PREM opener with Newcastle and promptly scored on his debut

Meet Rugby’s Rising Stars: 12 Young Talents to Watch This Autumn, Including England’s Prodigy and New Zealand’s Powerhouse

Rugby enthusiasts are in for a treat next month as Europe’s finest…
NSW independent MP Gareth Ward outside court.

Last-Minute Legal Maneuver Delays Sentencing of Disgraced Former MP Convicted of Rape

The sentencing of a former MP, convicted of sexually assaulting two young…
Australian Federal Police Commissioner Krissy Barrett.

Federal Police Unveil New Top Priority to Counter Emerging National Security Threat

The Australian Federal Police (AFP) has intensified its efforts to apprehend a…