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The National Australia Bank, ANZ Group Holdings and Westpac Banking Corp, the other three of Australia's "big four", had hiked their home loan rates on Wednesday by 0.25%. On Tuesday, the Reserve Bank of Australia raised its cash rate by 25 bps to 4.35%, ending four months of steady policy, saying that recent data suggested there was a risk of inflation remaining higher for longer. The rate hike by the National Australia Bank and ANZ Group Holdings would be effective from Nov. 17, while Westpac Banking Corp would raise rates from Nov. 21, the lenders said in separate statements on Wednesday.

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