Tuesday, November 7, 2023

RBA Increases cash rate to 4.35% - which banks have followed?

Today, the RBA increased the cash rate by another 0.25% due to the persistent inflation rate in Australia and around the world. This is the highest rate in 12 years. So which banks have followed the RBA in raising their interest rates?

Commonwealth Bank - up 0.25% from 17 Nov.

Bankwest - up 0.25% from 17 Nov.

NAB - up 0.25% from 17 Nov.

Westpac - up 0.25% from 21 Nov

ANZ - up 0.25% from 17 Nov

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