News: WBC Australia's Westpac first to raise home loan rate after RBA hike, page-7

Interesting. A moderate interest rate makes it easier for people to park cash in banks and helps banks to make more money. Five% drop is probably an over-reaction from investors and short selling. Opportunity to enter at a lower price. I would not be surprised if WBC will recover a fair bit within a week (unless short sellers really try to make a meal out of this like last time Westpac had issues). Even last time, they pushed it down to near 20 it popped up to 24 letting some people make a lot of money on the long side