Mixed bags of comments regarding how RBA’s decision to hike the interest rate to combat the high inflation rates as well as high energy, housing prices.
Rising interest rates are generally good for banks as many experts suggested that this will boost banks’ profitability as well as to ensure they have more power in the lending sector as the Australian economy are highly leveraged and tight to the property mortgages.
But why is the banks are experiencing a sell off throughout the sector today? If they are expecting the cash rate to rise.
Mixed bags of comments regarding how RBA’s decision to hike the...
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Last
$33.03 |
Change
-0.260(0.78%) |
Mkt cap ! $113.0B | |||
| Open | High | Low | Value | Volume |
| $33.24 | $33.35 | $32.82 | $105.9M | 3.205M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $32.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.04 | 4350 | 1 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| WBC (ASX) Chart |