AAP
Three of Australia's big four banks say they will hold standard variable interest rates on mortgages steady after the Reserve Bank of Australia (RBA) left the official cash rate at 3.75 per cent.
The central bank left the official interest rate unchanged on Tuesday, defying financial market expectations of a 25 basis point hike.
Last year some banks moved interest rates outside of RBA interest rate moves.
But on Tuesday, National Australia Bank (NAB), Westpac Banking Corp and Commonwealth Bank of Australia (CBA) said they would leave interest rates steady.
"Our rates are always under review but (there is) no change at this stage," Commonwealth Bank spokeswoman Nicole Ismay said.
"(There will be) no change on rates based on today's decision," Westpac spokeswoman Jane Counsel said.
On Sunday, NAB said the bank would not increase its standard variable interest rate on home loans by more than any RBA rate hike announced on Tuesday.
NAB spokeswoman Luisa Ford said on Tuesday there would be no changes to interest rates on any bank product.
Comment was being sought from ANZ Banking Group (ANZ).
Standard variable rates on mortgages at the big four banks currently stand at 6.49 per cent at NAB, 6.61 per cent at CBA, 6.66 per cent for ANZ, and 6.76 per cent at Westpac.
