Variable Interest Rates On Hold – CBA ANZ NAB Westpac expect no changes

Jul 1, 2014 ANZ, Commonwealth Bank, NAB, Westpac by Administrator

The Reserve Bank of Australia announced yesterday at 20pm that they will leave the official cash rate unchanged.

We expect that the major lenders (ANZ, NAB, Commonwealth Bank, Westpac) will therefore leave their variable interest rates unchanged as well, but will be monitoring in case of any changes outside of the official rate.

Fixed rates move independently of the RBA decision and we can keep you up to date with changes.

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