Australia mortgage shock: CBA and Macquarie lift fixed home loan rates ahead of RBA decision
Commonwealth Bank of Australia raised fixed home loan rates by up to 0.70 percentage points, with its three-year fixed rate now at 6.04%. Macquarie Bank also increased fixed rates, while NAB currently offers the lowest big-four fixed rate at 5.39%. The Reserve Bank of Australia meets Feb. 2–3, following a key inflation report due Jan. 28. The RBA cash rate remains at 3.6%.