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CBA pass on 50bp to consumers

 

 

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CBA pass on 50bp to consumers

Staff Reporter 1 minute read

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.

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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.

CBA pass on 50bp to consumers
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