Na­tional Aus­tralia

Money Magazine Australia - - VALUE.ABLE -

NAB is the only bank, at the time of writ­ing, that has not raised rates on mort­gages. Its owne­roc­cu­pier prin­ci­ple and in­ter­est stan­dard vari­able rate loan now sits at 5.24%, or about 0.14% lower than its ri­vals’ of­fer.

And while the de­ci­sion to leave rates un­changed may win the bank some shares, it is un­likely to be enough to off­set the broader pres­sure on mar­gins and credit growth from an overex­tended house­hold sec­tor.

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