Westpac defends out-of-cycle rate rise amid concern others may follow
Generic bank image from Brisbane CBD, Saturday, May 5, 2018. (AAP Image/Glenn Hunt) Source: AAP
Westpac has defended its decision to raise interest rates, out of cycle with the Reserve Bank of Australia. The move has sparked fears the rest of the big four banks could do the same. And some Westpac customers are reconsidering their options
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