(9 April 2010 – Australia) The Bank of Queensland and, Bendigo and Adelaide Bank have all announced they will follow the big four in passing on the RBA’s increase, hiking their interest rates by a further 0.25 percent.Bank of Queensland announced yesterday that its standard variable rate on mortgages would rise to 7.26 percent from 7.01 percent.
Bendigo and Adelaide Bank also released a statement announcing they would increase rates by 0.25 percent from Monday; their residential variable home loan rate will increase to 7.20 percent.
All other major and regional lenders have announced they will pass on the RBA’s rate rise except for BankWest, who has said its rates are currently under review.