commonwealth bank raises interest rates

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    Commonwealth Bank raises interest rates
    Posted 31 minutes ago


    The bank's standard variable home loan rate will rise to 9.44 per cent. (ABC News: Giulio Saggin)

    Map: Melbourne 3000
    The Reserve Bank's decision to keep interest rates on hold this week has not deterred the major banks from raising their rates again.

    The Commonwealth Bank has announced its home loan interest rates will increase by 12 basis points from Wednesday.

    The bank's standard variable home loan rate will rise to 9.44 per cent and its basic rate will increase to 8.93 per cent.

    Tags: business-economics-and-finance, banking, melbourne-3000
 
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