NAB is keeping its variable mortgage rates on hold despite moves by its big four rivals to hike rates in response to increased funding costs.
Chief executive Andrew Thorburn on Monday says National Australia Bank will continue to monitor funding conditions, but will continue to hold its standard variable rate at 5.24 per cent.
Westpac, Commonwealth Bank and ANZ have over the past two weeks said they would raise their standard variable rates for owner-occupiers to 5.38, 5.37 and 5.36 per cent respectively.
