The Australian Financial Review --- Page: 53 : 10 March 2008 Original article by Eric Johnston
LexisNexis Summary
All five leading Australian banks are expected to soon have declared interest rate rises of more than the increase in the official cash rate. The Reserve Bank of Australia had lifted the rate by 0.25%, and already National Australia Bank and Westpac Banking have added an extra 0.04% and 0.05% respectively to bring their variable home mortgage loan product's rate to 9.27%. The Commonwealth Bank of Australia and ANZ Banking Group are likely to follow suit, and St George Bank has also signalled a rise of 0.4%.
