Today the ANZ decided to increase its variable rate by 0.06% to 7.36%, taking it in line with Westpac.

In the same meeting they decreased their 3 year fixed rate by 0.15% to 5.99%.

See below points from ANZ's media release.

We are expecting other lenders to follow suit so stay tuned for further updates.

ANZ’s monthly interest rate review which considered:

• the intense pressure on retail and business margins in recent months being ...

At its meeting today, the Board decided to leave the cash rate unchanged at 4.25 per cent.

Information becoming available since the December meeting confirms that economic conditions in Europe were weakening late last year, with risks still skewed to the downside. Reflecting this, most forecasters have lowered their forecasts for world GDP growth this year to a below trend pace. That said, recent data from the United States suggest a continuing moderate expansion after a soft patch in ...

The RBA today has decided to leave rates unchanged. Their decision to do so would have been encouraged by a perceived improvements in Global sentiments from an improving American economy to positive actions to improve the situation in Europe.

Although consumer spending in Australia is still soft, and this being the first the RBA meeting for 2012, it appears that they will adopt a wait and see approach.

This will give the RBA time to see if the improvements in ...