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Australia’s “Big Four” banks raise mortgage rates after RBA hike

Australia’s “Big Four” banks raise mortgage rates after RBA hike

Australia's "Big Four" banks raised their home loan variable interest rates on Thursday, after the country's central bank hiked rates earlier this week.

by Keeli Cambourne | Aug 4, 2022

Australia's "Big Four" banks raise mortgage rates after RBA hike

Commonwealth Bank of Australia, Australia and New Zealand Banking Group, National Australia Bank and Westpac Banking Corp increased their mortgage rates to match the hike announced by the central bank.

The new rates for CBA and ANZ customers will take effect from August 12, while Westpac’s rates will apply from August 18.