Westpac cuts the key mortgage lending rate by 20bps

The latest Australian bank to cut the mortgage rate cut is Westpac. Westpac slashes the key mortgage lending rate by 20bps, following the footsteps of ANZ Bank by not passing the full benefit of the RBA 25bps rate cut to its customers.

Extra Reading:

CBA and NAB cut key mortgage rates by 25bps, follow ANZ

ANZ slashes key mortgage rate by 18bps post-RBA 0.25bps rate cut

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