Australia’s 4 largest banks have all passed through the RBA rate hike
ANZ, CBA, NAB and Westpac are Australia’s 4 largest banks, by a long way. All have passed through, in full, the RBA 25bp rate hike to variable-rate mortgage loans. At the margin the higher mortgage rates will act to reduce demand in the economy. Which is sort of the point of an RBA rate hike. […]