.
Following the RBA’s interest rate cut on Tuesday, Commonwealth Bank of Australia (ASX:CBA) will be reducing its mortgage rates by 40 basis points to a standard variable rate of 7.01 per cent. The decision will take effect on May 11.
CBA says other lending rates and deposit rates are under review.
Rival bank National Australia Bank Limited (ASX:NAB) cut its variable home loan rates by 32 basis points yesterday.
Westpac Banking Corporation (ASX:WBC) and Australia and New Zealand Banking Group (ASX:ANZ) are yet to announce any interest rate cuts.
CBA generated a record net profit of $3.6 billion in the first half of the 2012 financial year.
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Last
$32.99 |
Change
-0.200(0.60%) |
Mkt cap ! $98.42B | |||
| Open | High | Low | Value | Volume |
| $32.98 | $33.21 | $32.86 | $117.5M | 3.564M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1876 | $32.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.01 | 18 | 1 |
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| Last trade - 16.15pm 15/09/2025 (20 minute delay) ? |
| ANZ (ASX) Chart |