Westpac stock price dips after close as Australia inflation puts RBA hike back on the table
Westpac shares closed down 0.95% at A$38.50 Thursday after Australia’s annual inflation hit 3.8% in December. Interest-rate swaps now show a 73% chance of a Reserve Bank hike on Feb. 3, up from 60% before the data. Financial stocks led the ASX lower as investors braced for tighter policy.