ASX:WBCBanks
Does RBA’s Latest Rate Hike Reshape The Margin And Credit Story For Westpac (ASX:WBC)?
Westpac Banking Corporation recently saw its shares move in response to the Reserve Bank of Australia’s 25 basis point cash rate increase to 3.85%, which has direct implications for bank margins, funding costs and mortgage repricing.
With Westpac’s first-quarter update on 13 February set to detail changes in home-loan growth, deposit mix and credit quality, investors are focused on how the higher-rate backdrop is feeding through to the bank’s underlying business trends.
We’ll now examine...