An out-of-cycle rate rise could be on the cards for the Commonwealth Bank, experts have predicted.
The Commonwealth Bank may be the first to increase its interest rate on mortgages, analysts have suggested.
In a piece for the Herald Sun, industry experts noted the organisation could make an out-of-cycle increase compared to the Reserve Bank of Australia's official cash rate - which was maintained at 4.5 per cent earlier this week.
Commonwealth Bank chief Ralph Norris noted that the company might have to pass on rising costs to its customers.
JP Morgan analyst Scott Manning predicted that the financial institution - which offers a range of Commonwealth Bank credit cards - might be positioning itself for an increase.
However, he noted that it is too early to tell when or by how much the organisation would make the rise.
This news comes after analysts expressed the belief that ANZ - which offers a low-rate credit card - is under less pressure to lift its rates.
By Joe Letts
