Can't see interest rates rising by 3.5%. We've taken on so much debt, that even a 1% increase in rates would cause significant spending cuts by indebted households. Significant enough to reign in excessive spending causing inflation. But low rates aren't necessarily bad for banks really - if you look at Westpac, even with rates near 0%, they still earned $16 billion in net interest income. Now, if WBC can just get costs back down, they'll be earning huge profits again - despite the low interest rates.
Ann: Westpac announces $3.5 billion off-market share buy-back, page-427
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Last
$33.97 |
Change
0.060(0.18%) |
Mkt cap ! $116.2B | |||
| Open | High | Low | Value | Volume |
| $33.90 | $34.00 | $33.65 | $47.67M | 1.407M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1012 | $33.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.97 | 623 | 5 |
View Market Depth
| Last trade - 15.11pm 07/08/2025 (20 minute delay) ? |
| WBC (ASX) Chart |