<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/reserve-bank-of-australia" rel="" target="_blank" title="The Reserve Bank of Australia"><span>The Reserve Bank of Australia</span></a><span> (RBA)'s decision to increase the cash rate by 0.25 per cent is set to be quickly passed on to </span><a href="https://www.9news.com.au/mortgages" rel="" target="_blank" title="mortgage"><span>mortgage</span></a><span> holders.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Just hours after the </span><a href="https://www.9news.com.au/national/rba-interest-rates-live-updates-march-2026-decision-latest-news-headlines/350491ae-9cc3-47b0-84f2-71cef3b2a650" rel="" target="_blank" title="decision"><span>decision</span></a><span> was announced by RBA Governor Michelle Bullock, National Australia Bank (NAB) told its customers it would be passing on the increase.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>NAB Group Executive Ana Marinkovic said the bank recognised the added pressure it would add to households who were coming to terms with February's rate rise and were battling higher inflation and petrol prices.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>JUST IN:</span></strong><span> </span><a href="https://www.9news.com.au/national/petrol-prices-australia-emergency-meeting-with-major-fuel-companies-held-as-crisis-continues/3c1b2130-1e3d-4925-a1a0-46747aabfad3" rel="" target="_blank" title=""><strong><span>Emergency meeting with major fuel companies held as petrol crisis continues</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"We know another rate increase will be challenging for many Australians, particularly in the context of ongoing cost-of-living pressures," she said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>She said many customers had anticipated this and built a safety net, she conceded "that won't be the case for everyone."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/italian-citizenship-requirements-restrictions-descent-law/8e5ebd2d-61f6-4d93-857c-88a840a5a4f2" rel="" target="_blank" title=""><strong><span>Major law change could block millions from obtaining powerful passport</span></strong></a><strong><span></span></strong></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/australia-interest-rates-rba-banks-response/e91beb9a-3be4-491a-9b0c-10869b6878d0" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/westpac" rel="" target="_blank" title="Westpac"><span>Westpac</span></a><span> followed suit, announcing their home loan interest rates would increase by 0.25 per cent, but also increasing the interest rate to their customers with savings accounts - something NAB did not announce.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"With overseas conflict impacting inflation and cost of living, we know these are uncertain times for many of our customers," Westpac Chief Executive Consumer Carolyn McCann said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"We are here to help and if customers are concerned, we urge them to contact us as early as possible so we can talk through the support options available," she added.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>ANZ and </span><a href="https://www.9news.com.au/commonwealth-bank" rel="" target="_blank" title="Commonwealth Bank"><span>Commonwealth Bank</span></a><span> are expected to follow suit in passing on the rise to customers.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/rba-interest-rates-the-reserve-bank-has-hiked-interest-rates-how-much-will-this-cost-me/230033ae-0a25-489c-bafb-7d5d7505cade" rel="" target="_blank" title=""><strong><span>The Reserve Bank has hiked interest rates again. How much will this cost me?</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The RBA made the decision for a second straight rate increase in a five to four vote, with Bullock claiming there was "robust discussion" between members.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>However, she insisted this was not about making the decision itself, but about whether this was the right time, as she said this was the only decision they could make to cut down on inflation.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"The direction wasn't the issue," she said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Higher petrol prices will add to inflation, but they're not the reason for today's decision... Inflation was already too high."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><em><strong><span>NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.</span></strong></em></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><ul><li><em><strong><span>Download the 9NEWS App here via</span></strong></em><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" rel="" target="" title=""><em><strong><span>Apple</span></strong></em></a><span> </span><em><strong><span>and</span></strong></em><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1" rel="" target="" title=""><em><strong><span>Google Play</span></strong></em></a></li><li><em><strong><span>Make 9News your preferred source on Google by</span></strong></em><span> </span><a href="https://9.nine.com.au/8x987w" rel="" target="" title=""><em><strong><span>ticking this box here</span></strong></em></a></li><li><em><strong><span>Sign up to</span></strong></em><span> </span><a href="https://login.nine.com.au/edm?client_id=nineatnine" rel="" target="" title=""><em><strong><span>our breaking newsletter here</span></strong></em></a></li></ul></div></div>