408 | Is It Time To Sell Up?!
The Property Couch
00:00
What Happens When Interest Rates Increase?
When i was at point one, that's what the r b a was charging the banks for for the money that they lent them. It's now up at two point three, five. The cost that is being passed on to the bank, that they have to pay back to a, to the reserve bank. So therefore, their costs increase. A stick around till question four, because this is kind of relevant. But ther their costs will increase, and so then they just have to pass that on to thea, to the borrower. And even if you think back to the niney been when interest rateswereat 17 %, and when you talk about the deposit holders ar actually a
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