Bank of Queensland (BOQ) says it will keep its standard variable home loan interest rates steady, in line with this week’s decision by the Reserve Bank of Australia (RBA) .

Interest rates will be kept steady until the next RBA meeting in March, regardless of movements by other banks, BOQ said on Thursday.

“We understand many homeowners and small business owners are concerned about out-of-cycle interest rates and want to take this opportunity to reassure our customers that we won’t be increasing our standard variable interest rates at this stage,” managing director Stuart Grimshaw said in a statement.