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

By Jesse Hyland For Daily Mail Australia

Published: 04:26 EDT, 22 June 2022 | Updated: 05:02 EDT, 22 June 2022