ANZ 0.89% $29.60 anz group holdings limited

Dear ThreadersNot sure if ANZ is doing the right thing by...

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    Dear Threaders

    Not sure if ANZ is doing the right thing by raising interest rates by 0.2%. I know there is a credit sqeeze and the rise will probably better for shareholders in the short term but makes ANZ less competitive as borrowers will simply go elsewhere. Sp already lagging 10% behing rivals - and I don't think latest stunt will help. Any comments?

    Capt. Goodvibes

    DISCLOSURE
    -I don't have a mortgage or any loan with ANZ.
    -I am an ANZ shareholder.
 
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