Business Services Industry
AUSTRALIA'S ANZ HIKES HOME LOAN RATES.
AsiaPulse News, May, 2002
MELBOURNE, May 9 Asia Pulse - Australia's banking groups have followed the official home loan rates lift by the Reserve Bank of Australia.
ANZ Banking Group Ltd (ASX:ANZ) came into line with the other major banks today, lifting its home loan rates by 25 basis points.
Australia's fifth largest bank, St George Bank Ltd, also said it is passing on the full 0.25 percentage point increase in official rates by the Reserve Bank of Australia.
Yesterday, National Australia Bank Ltd and the Commonwealth Bank of Australia and Westpac Banking Corp put up their mortgage rates by 0.25 per cent.
The moves on home loan rates follow the RBA's decision to increase Australia's cash rate to 4.50 per cent from 5.25 per cent.
ANZ said today it was...
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