BOQ Bank of Queensland – First to Raise Rates

Yesterday afternoon Bank of Queensland (BOQ) raised their variable interest rates by 0.10%.

This was a passing note in the news and there was no politician or media backlash against the move. It seems the major banks are an easy target. That being said rate increases from any lender is a kick in the face to any Australian borrower.

I feel we will hear from the majors on Friday after ANZ have their review. For now it is a waiting game and we will know where most lenders are heading by mid next week.

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