The Australian Financial Review --- Page: 29 : 13 March 2008 Original article by Lisa Carapiet
LexisNexis Summary
Increasing pressure on consumers after several interest rate rises means banks are closely monitoring their credit card portfolios. ANZ Banking has admitted rate rises will place extra demands on customers, while National Australia Bank says it has tried to balance the effects of higher funding costs with the impact of higher interest rates on customers. While major banks quickly passed on the latest 0.25% of a percentage point interest rate rise by the Reserve Bank of Australia for home loans, most are yet to do so for credit cards.
