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ANZ keeps home loans on hold

ANZ is keeping its home loan interest rates on hold for yet another month.

The bank’s standard variable interest rate remains at 5.88 per cent per annum after its June interest rate review, which followed the Reserve Bank of Australia’s decision to leave the cash rate at a record low of 2.5 per cent last week.

ANZ last changed its variable mortgage rate in August 2013, when it cut it by 25 basis points.

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