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Westpac Banking Corporation (ASX:WBC) has become the last bank to respond to the Reserve Bank of Australia’s decision to cut the key cash rate to a record low of 2 per cent on Tuesday.Westpac has lowered its headline standard variable mortgage rate by 0.22 per cent to 5.48 per cent, effective from May 18.National Australia Bank Limited (ASX:NAB) will lower its standard variable rate by 0.2 per cent to 5.43 per cent from May 13, the lowest rate since 1978.Commonwealth Bank of Australia’s (ASX:CBA) standard variable rate will drop to the lowest level in the bank’s history, down 0.2 per cent to 5.45 per cent.ANZ Banking Group’s (ASX:ANZ) standard variable rate has been cut by 0.25 per cent to 5.38 per cent from tomorrow.Westpac Banking Corporation reported a net profit of $3.64 billion in the first half of the 2015 financial year.
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Last
$38.48 |
Change
0.530(1.40%) |
Mkt cap ! $131.6B | |||
| Open | High | Low | Value | Volume |
| $38.20 | $38.56 | $38.10 | $289.9M | 7.544M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 837 | $38.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.49 | 750 | 1 |
View Market Depth
| Last trade - 16.18pm 12/09/2025 (20 minute delay) ? |
| WBC (ASX) Chart |