RBANZ holds

Friday, 9 November 2012

From the Reserve Bank of the ANZ:

ANZ today announced its standard variable rate for Australian retail mortgages will remain unchanged at 6.60%pa (6.70%pa comparison rate) following its November interest rate review.

Despite intense competition for business deposits, variable small business lending rates will also remain unchanged.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.