ANZ share price closes higher after RBA rate hike; eyes on Feb 12 trading update
ANZ Group Holdings shares closed up 0.8% at A$37.07 after the Reserve Bank of Australia raised its cash rate by 25 basis points to 3.85%. ANZ will lift variable home-loan rates by 0.25% from Feb. 13, adding about A$79 monthly to a typical A$500,000 loan. Investors await ANZ’s Feb. 12 trading update and RBA meeting minutes on Feb. 17.