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Westpac Banking Corporation (WBC.AX)

ASX - ASX Delayed price. Currency in AUD
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22.52+0.18 (+0.81%)
At close: 04:10PM AEST
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  • Bloomberg

    Australia’s Consumer Sentiment Falters Further on Rate Hikes

    (Bloomberg) -- Australia’s consumer sentiment tumbled as surging inflation and interest-rate increases, combined with falling home prices, weighed on the outlook for households.Most Read from BloombergTrump Under Intense Legal Scrutiny After FBI Searches Mar-a-LagoChina Seizes on Pelosi Visit to Set ‘New Normal’ for TaiwanSan Francisco ‘Froth is Gone’ as Wealth Fades, Housing SlumpsWhy Carlyle's Billionaire Founders Had Enough of Their Chosen SuccessorThe index dropped 3% to 81.2% in August, mea


    Australian Consumer Sentiment Plummets Amid Surging Inflation A gauge of Australian consumer sentiment stayed negative for a ninth consecutive month in August as rising inflation and interest rates, coupled with a dour outlook on living costs dented sentiment towards the economy. A survey conducted by Westpac Banking Corp (ASX:WBC) showed its consumer sentiment index fell 3% in August to lows last seen during the COVID pandemic in 2020. The reading comes less than a week after the Australian central bank hiked interest rates, and said it would continue to do so, predicting elevated inflation levels this year.

  • Simply Wall St.

    Westpac Banking (ASX:WBC) investors are sitting on a loss of 11% if they invested five years ago

    Westpac Banking Corporation ( ASX:WBC ) shareholders should be happy to see the share price up 10% in the last month...