WBC News: Australia's four biggest banks fully pass on central bank rate hike - 9th Feb 2023, 12:40pm

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(Reuters) - Commonwealth Bank of Australia and Westpac Banking Corp followed their two main rivals on Thursday in saying they would fully pass on to customers the 0.25 percentage point interest rate rise implemented by the central bank on Tuesday.

Like National Australia Bank and ANZ Group Holdings, Commonwealth Bank said its rise would take effect on Feb. 17. Westpac, the other lender among Australia's four biggest banks, said its rise would be effective on Feb. 21.

The Reserve Bank of Austra...

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