No variable interest rate decision from remaining big banks as St George trims fixed rates

There have been no announcements from the major banks about their variable interest rate settings following ANZ lifting its rates by 0.06 percentage points on Friday.

The only announcement to come out today was from Westpac subsidiary St George, which announced it was cutting its fixed interest rates from today for a limited time.

St George has cut the interest rates on its fixed one-, two- and three-year home loans to 5.99%. 

When ANZ lifted rates independently on February 10, Westpac made its announcement on the same day, but Commonwealth Bank and NAB only announced changes on February 13.

In the absence of any announcement, the St George standard variable interest rate sits at 7.42%.