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A rate rise is not expected to have a significant impact on mortgage lending, Stephen Halmarick Citi director co-head of economics and market analysis told Mortgage Busniess today.
The September quarter’s CPI figures indicated a 0.7 per cent rise in headline inflation for an annual rate of 1.9 per cent – fuelling speculation that a rate rise is on the cards for November.
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“Should the RBA elect to lift rates the pace of mortgage lending will slow down, but lending institutions will ultimately factor this into their plans – and things will go on as usual,” said Halmarick.
