Sydney Today, April 4th, Australian Eastern Time. After ANZ once again raised its standard variable interest rate independently of the Central Bank last Friday, home loan people are in anxious waiting, they are worried about whether other major banks will raise interest rates soon. .
ANZ increased its standard variable interest rate by 6 points to 7.42%. This is the second increase in the past few months. After the increase, every 30 Australian dollars loan will be repaid by 14 Australian dollars every two weeks. ANZ said that the increase in interest rates was due to "increased financing costs", which is clearly inconsistent with the central bank's statement last month that banks raised interest rates and increased revenue.
Several other big banks have stated that they will express their attitudes this weekend. A spokesperson for the Commonwealth Bank, Bryan Fitzgerald, said: "We have been very careful to review our interest rate levels, and we will continue to do so in the future." A Westpac spokesperson said: "We will review interest rates from time to time. , But we haven’t found any problems yet."
After the ANZ Bank raised interest rates this time, its interest rate level was slightly higher than that of the Commonwealth Bank, but 10 basis points higher than the central bank; the central bank’s variable lending rate was 7.31% and ANZ’s was 7.31%; but Westpac’s interest rate was still It is higher than ANZ at 7.46%.
National Bank spokesman Brian Walsh did not say whether they will raise interest rates this week, but he said they will try to maintain the lowest standard variable interest rate for the rest of the year. Roy Morgan's research shows that although the ANZ interest rate has increased less than other banks, the customer satisfaction of their home loan customers dropped sharply in March.
Norman Morris, the head of the Roy Morgan Industry Association, pointed out that the first bank to raise interest rates may suffer more due to widespread negative publicity, and their customer satisfaction will also be'more negatively affected.' "(Wendy)
English version: http://smh.domain.com.au/real-estate-news/borrowers-await-fate-after-anz-rate-rise-20120416-1x2et.html