Westpac share price climbs as RBA hikes rates — what to watch before the Feb 13 update
The Reserve Bank of Australia raised its cash rate target by 25 basis points to 3.85% on Tuesday, citing rising inflation and strong demand. Westpac shares closed up 1.03% at A$39.32, outperforming other major banks. Investors now await Westpac’s first-quarter update on February 13 as attention shifts to mortgage repricing and potential credit stress.