ANZ leaves variable mortgage rates unchanged at 6.13%

ANZ has left its standard variable mortgage rate unchanged at 6.13% following its monthly independent interest rates review.

The bank decides on its interest rate settings on the second Friday of every month.

It was the only major bank to pass on more than the 25 basis points cut from the cash rate by the RBA in May.

The bank cut its standard variable mortgage rate by 27 basis points on May 10 - the first time it has cut its interest rates by more than the RBA since implementing its independent interest rates review policy 18 months ago.

Variable interest rates for small business lending also remain unchanged said ANZ.