Westpac cuts the key mortgage lending rate by 20bps

Dhwani Mehta FXStreet

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?

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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