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Reserve Bank Announcement, rate rises May 2022

Following the RBA’s monetary policy meeting this afternoon, and its decision to increase interest rates by 25 basis points to 0.35%, we are reviewing our interest rate position across our product portfolio.

In this process, our focus will be to ensure we continue to offer competitive products for both borrowers and depositors.

We will announce our rate changes as soon as possible via our website and direct communication with customers.

Thank you for your patience.

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May 2022