ANZ has held onto 7 basis points from today’s 0.25% rate cut by the RBA:
“In making this decision we have weighed up a number of factors, such as business performance, market conditions and the impact on our customers, including our depositors.
“While we recognise some home loan customers will be disappointed, in making this decision we have needed to balance the increased cost in managing our business with our desire to provide customers with the most competitive lending and deposit rates possible.
“Home loan customers looking for certainty with their repayments can look to lock in our historic low fixed rate home loans for our two and three year terms.”
CBA and NAB have gone the full 25bps. WBC 20bps.
