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.
Can't see interest rates rising by 3.5%. We've taken on so much...
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Last
$33.72 |
Change
0.530(1.60%) |
Mkt cap ! $115.3B | |||
| Open | High | Low | Value | Volume |
| $33.13 | $33.76 | $33.00 | $130.5M | 3.883M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $33.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.74 | 326 | 1 |
View Market Depth
| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| WBC (ASX) Chart |