The Commonwealth Bank has passed on the Reserve Bank of Australia’s 0.5 per cent rate hike. 7NEWS
On Wednesday morning, CBA announced it would be passing the full increase for its home loan variable interest rates.CBA Group Executive for Retail Banking Angus Sullivan acknowledged the “rapidly changing rate environment”.
Youthsaver with bonus interest will increase by 0.5 per cent to 1.45 per cent per annum and it said there would be a new 15-month Term Deposit Special offer of 2.50 per cent per annum. “We have a range of deposit products to suit our customers’ needs and encourage them to speak with us to ensure they are in the product that best suits them.”The RBA on Tuesday hiked the interest rate for the third consecutive month.
In June it was hiked another 0.5 per cent before that was mirrored in July, bringing the rate to 1.35 per cent.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reserve Bank of Australia lifts interest rates by 50 basis points to 1.35 per centThe Reserve Bank of Australia has lifted the official cash rate target by another 50 basis points, taking the baseline interest rate to 1.35 per cent. 9News
Read more »
Interest rates pushed up as Reserve Bank targets high inflationThe Reserve Bank has lifted interest rates amid more signs of the inflationary pressures hitting parts of the economy.
Read more »
Interest rates pushed up as Reserve Bank targets high inflationThe Reserve Bank has lifted interest rates amid more signs of the inflationary pressures hitting parts of the economy.
Read more »
Reserve Bank of Australia lifts interest rates by 50 basis points to 1.35 per centJUST IN: The Reserve Bank of Australia has lifted the official cash rate target by another 50 basis points, taking the baseline interest rate to 1.35 per cent. MORE: 9News
Read more »
Reserve Bank lifts cash rates 0.5pc to 1.35pcBREAKING: The Reserve Bank of Australia increased the official interest rate for a third consecutive month on Tuesday by 0.5 percentage points to 1.35 per cent, as it moves quickly to curb strengthening inflation.
Read more »
Reserve Bank lifts cash rates 0.5pc to 1.35pcThe RBA increased the official interest rate for a third consecutive month on Tuesday with a 0.5 percentage point rise to 1.35 per cent, as it moves quickly to curb strengthening inflation.
Read more »