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The Reserve Bank looks to lift the cash rate as ANZ & Westpac raise rates

Interest rate pain for homeowners as two of Australia’s biggest banks make BIG mortgage payment hikes just 24 hours apart: ‘It’s going to sting’

  • ANZ has increased fixed rates by 0.90 percentage points on Wednesday
  • Westpac also hiked fixed rates by 0.50 percentage points on Tuesday 
  • Philip Lowe said RBA board is looking to raise the case rate by 0.25 or 0.50

Two of Australia’s major banks have raised fixed rates as the Reserve Bank looks to hike the cash rate again next month. 

ANZ on Wednesday put the fixed rate up 0.90 percentage points while Westpac…


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