West­pac

Money Magazine Australia - - VALUE.ABLE -

West­pac’s move to raise in­ter­est rates out of cy­cle re­veals the fi­nan­cial pres­sure stem­ming from ris­ing whole­sale rates for all banks. Credit growth is also likely to mod­er­ate as fall­ing prop­erty prices and lend­ing pol­icy changes – as a con­se­quence of the royal com­mis­sion and APRA’s re­sponse to David Mur­ray’s fi­nan­cial sys­tem in­quiry – re­duce the liq­uid­ity and ap­petite of would-be prop­erty buy­ers.

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