News

Westpac warns of waning rates

Thursday 20th of August 2009

Westpac is picking short-term deposit rates to come off a little in the next two or three weeks as the cost of credit eases amid lower lending rates. The prediction bucks the trend among the major banks in New Zealand, which largely agree that rates will hang around their current levels for the time being.

Westpac sees deposit rates falling around 25 basis points in the next couple of we...

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