Westpac cuts the key mortgage lending rate by 20bps
|The latest Australian bank to cut the mortgage rate cut is Westpac. Westpac slashes the key mortgage lending rate by 20bps, following the footsteps of ANZ Bank by not passing the full benefit of the RBA 25bps rate cut to its customers.
Extra Reading:
CBA and NAB cut key mortgage rates by 25bps, follow ANZ
ANZ slashes key mortgage rate by 18bps post-RBA 0.25bps rate cut
Preview: RBA Lowe’s speech to shed light on today’s rate cut?
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.