ANZ leaves rates on hold

by 17 Feb 2014

ANZ has left interest rates unchanged after its latest home loan pricing review. 

The bank has announced its standard variable home loan rate will remain at 5.88 per cent, keeping in line with NAB as the current lowest rate on the market.

The RBA kept official interest rates at a record low 2.5 per cent this month, but ANZ sets its home loan rates at a monthly meeting independently of the RBA.

ANZ this week reported a 13% increase in first-quarter profits to $1.73bn.