The Commonwealth Bank and Westpac have both hiked fixed home loan interest rates
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The Commonwealth Bank and Westpac have both hiked fixed home loan interest rates

  • The Commonwealth Bank has lifted fixed rate home loans by 0.25% to 0.4% after the RBA announced it would do away with its three-year bond yield target.
  • CBA has become the second bank in 24 hours to hike borrowing rates, after Westpac moved in the same direction late on Thursday.
  • Analysts say it won't be long until the remaining big four banks follow suit, after the central bank failed to defend its bond yield in the face of a market flurry last week.
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