Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Lender

CBA pass on 50bp to consumers

3 minute read
The Adviser

CBA recently bumped up its quarterly Line of Credit reference rate by a hefty 50 basis points.

Intermediaries were notified of the increase late last month in a communication explaining that ‘these interest rate changes reflect recent movements in wholesale market rates’.

Mortgage Business contacted a CBA spokesperson to clarify whether the bank had been directly impacted by rising funding costs but they were unavailable for comment.

default

JOIN THE DISCUSSION

You need to be a member to post comments. Become a member for free today!
You have 0 free articles left this month.
Register for a free account to access unlimited free content, or become a PREMIUM MEMBER to enjoy a wide range of benefits