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Article: ANZ BANK RAISES AUSTRALIAN RATES IN LINE WITH RBA'S 0.25% HIKE.
- Article from:
- AsiaPulse News
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SYDNEY, Nov 3 Asia Pulse - ANZ Banking Group Ltd (ASX:ANZ) has matched the Australian central bank, increasing its standard variable mortgage interest rate by 25 basis points.
The bank's standard variable home loan rate will rise to 6.31 per cent as of Monday November 9, from 6.06 per cent, Melbourne-based ANZ said in a statement on Tuesday.
The Reserve Bank of Australia (RBA) increased the overnight cash rate by 25 basis points to 3.50 per cent on Tuesday - the second increase in the space of a month.
ANZ also said it was raising interest rates on a range of deposit products by 35 basis points.
Spokespersons from the other three major ...