Thursday, August 30, 2018

Westpac rate hike - PM urges borrowers to shop around

Prime Minister Scott Morrison has urged borrowers to shop around after Westpac's bold move to raise interest rates independent of the Reserve Bank. 

Other banks are yet to follow Westpac's rate hike given reputational risks associated the Royal Commission. 

ABC's Peter Ryan says Mr Morrison has asked for a please explain rather than carpeting Westpac.

Here's my report

No comments:

Post a Comment

What's your view on this?