Australia's so-called ‘Big Four' banks said on Thursday they would pass on the central bank's latest quarter-percentage point interest rate hike in full to their home loan customers. The move comes as the lenders continue to move in lockstep with the Reserve Bank of Australia (RBA), which raised its official cash rate by a widely expected 25 basis points (bps) to 3.6 percent on Tuesday. Among the top four lenders, the Commonwealth Bank of Australia, National Australia Bank, and ANZ Group Holdings will hike their rates from March 17, while Westpac Banking Corp's will hike its rates from March 21, the banks said in separate statements.

https://business.inquirer.net/390181/australias-big-four-banks-to-hike-home-loan-rates-to-match-rba-move

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