NAB forced to play politics

After competitors Commonwealth Bank(ASX: CBA), Westpac(ASX: WBC) and ANZ(ASX: ANZ) raised variable home loan rates to compensate for rising funding costs, it seemed only a matter of time before NAB(ASX: NAB) followed suit. Yet ultimately it didn’t. Our new Prime Minister approved, suggesting NAB “gets it” for not raising variable home loan rates “out of…