CANBERRA, Oct. 8, 2009 (Xinhua News Agency) -- Two of Australia's "Big Four" banks announced on Thursday they would raise their mortgage rates following the Reserve Bank's (RBA) official rate rise this week.

ANZ was the first to move, saying it's standard variable rate would rise by 0.25 percent to 6.06 percent from Oct. 12.

The bank revealed its new one and two-year fixed rate home loans would also increase by the same amount.

National Australia Bank announced later that it would increase rates on a range of deposit and home lending products by 0.25 percent.

The other major banks have their rate settings under review following the RBA's decision, and are also expected to follow suit.