Westpac
Following the Reserve Bank of Australia’s decision to increase the cash rate, Westpac has announced it will increase home loan variable interest rates by 0.25% p.a.
The change will be effective for new and existing customers on 17 February.
Westpac Chief Executive, Consumer, Carolyn McCann said: “We understand that an interest rate increase may add pressure to household budgets. For those who need support, we are ready to help.”
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