Everyone is waiting on ANZ - after CBA and NAB announced rates changes on Friday.

Commonwealth and NAB today joined Westpac in lifting rates on variable home loans independently of the Reserve Bank.

The banks claim the move is designed to partially offset costs associated with the new capital requirements recommended by the Financial System Inquiry.

CBA will raise its standard variable interest rates by 15 basis points for both owner occupier and investment home loans, while NAB will increase the interest rate on all new and existing variable rate home loans by 17 basis points.

The moves come into effect in mid-November, and will leave both banks demanding an annual rate of 5.60 per cent.

They are a response to new regulations by the Australian Prudential Regulation Authority (APRA) that require major banks to hold more money on their mortgage books to potentially respond to another financial crisis.