Australian banksAustralian interest rates

28 days later: Westpac to hike on interest-only again

David Llewellyn-Smith
Monday, 22 May 2017
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28 days after the last rate hike comes golly:

Westpac Banking Corp is set to increase rates on new fixed, investor interest-only loans, sources told Street Talk.

This column understands higher fixed-rates will be announced for new investor interest-only loans in coming days. The changes do not include variable rate mortgages.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.