abc.net.au/news/which-banks-are-passing-on-the-interest-rates-to-borrowers-what-/101502854On Tuesday, the Reserve Bank of Australia raised interest rates 0.25 of a percentage point, taking the cash rate target to 2.6 per cent.
Will increase 0.3 per cent to 4 per cent for the first four months on balances up to $250,000 from Friday, October 6Will increase 0.45 per cent to 3.2 per cent on balances up to $250,000 from Friday, October 14.NAB's standard variable home loan interest rate will increase 0.25 per cent per annum from Friday, October 14.NAB did not announce any increases to its savings or term deposit rates after yesterday's RBA decision.
"A further increase in inflation is expected over the months ahead, before inflation then declines back towards the 2 to 3 per cent range.
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