NAB first to lift rates by 0.25 per cent among banks

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RateCity’s Research Director Sally Tindall says NAB has announced it will be “passing on” the 0.25 per cent hike to its “variable mortgage customers” amid the Reserve Bank of Australia’s announcement of interest rates being hiked to 0.25 per cent.

“That’s to be expected and we are expecting the other three, that’s CBA, Westpac and ANZ to follow suit,” Ms Tindall told Sky News Business Editor Ross Greenwood.

Ms Tindall also says the RBA’s new forecast of inflation reaching eight per cent by the end of the year is “not good news”.

 

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