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Westpac concludes big banks? latest round of rate hikes

by Staff Reporter6 minute read

Westpac today announced an increase of 0.14 per cent to its standard variable rate, which makes it the final big bank to adjust its rate in this latest round of rate rises.

The increase takes Westpac’s standard variable rate to 9.61 per cent, which will come into effect Thursday 17 July.

St George was the first bank to lift its rate, independent of this month’s RBA decision, to 9.67 per cent earlier in the month.

Published: 15-07-08

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