It looks like it is NAB’s turn to go first, at The Australian:
Speaking this morning on ABC Radio National Mr Thorburn acknowledged big banks were also feeling the pressure.
“Deposit costs have gone up and they remain elevated from where they were six months ago,” Mr Thorburn said.
“That’s something we have under constant review. Ours, they (interests rates) haven’t moved, they’re under review and we just have to make sure we are competitive to clients,” he said.
…“Interest rates are low — they are going to be rising generally over the course of the next year or two — but they are coming off a very low base.
All but said it. Why else is he at the ABC?
