Australian lender Westpac to raise interest rates after cenbank hike

Australian lender Westpac to raise interest rates after cenbank hike

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Top Australian lender Westpac Banking Corp (WBC.AX) said on Tuesday that it will raise its home loan variable interest rates by 25 basis points (bps), in line with the Reserve Bank of Australia's (RBA) rate hike. In a surprise move, the RBA raised interest rates by a quarter-point to an 11-year…

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