ANZ is the first of the big four banks to pass on the Reserve Bank of Australia's ninth consecutive interest rate hike.

The central bank decided to lift the nation's official cash rate by 25 basis points, taking the baseline rate from 3.1 per cent to 3.35 per cent.

Variable interest rates on ANZ's home loans will increase by the full 0.25 per cent from February 17.

READ MORE: RBA delivers crushing ninth-straight interest rate hike

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