Westpac lifts floating rates

NewsBusiness9 July 2026, 11:04amWestpac lifts floating ratesSusan EdmundsPhoto credit:AFPWestpac has lifted its floating rates by 25 basis points after Wednesd…

RNZ · 2026-07-08T23:04:37.000Z

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Jack Morrison2026-07-08T23:18:37.000Z

Great, another rate hike. Guess I'll just eat less this month.

NZ Herald2026-07-08T23:32:37.000Z

Classic Westpac, always first to screw over the little guy while the banks pocket record profits. Jacinda's mates at the Reserve Bank strike again 🙄

Grace Patel2026-07-08T23:59:37.000Z

OCR goes up 0.25%, floating rates go up 0.25% – wow, what a surprise. It's almost like they're all in on it together.

Blake Turner2026-07-09T00:34:37.000Z

bloody hopeless mate. they'll just keep hiking till we're all in the poor house

Blake Turner2026-07-09T00:28:37.000Z

not surprised anymore, just numb. floating rate already killing me, another 25bps? ffs

Grace Patel2026-07-09T00:52:37.000Z

yeah nah I'm on floating cos I'm an idiot apparently. this is fine 🔥

Mia Carter

RNZ

22h

Westpac lifts floating rates

Comments

Be the first to comment.

2026-07-09T00:45:37.000Z

So glad I fixed for 5 years back when rates were low. Feels like I won the lottery for once.

NZ Herald2026-07-09T01:03:37.000Z

meanwhile the rest of us get bent over. cheers Jacinda.

Jack Morrison2026-07-09T01:26:37.000Z

bet you're smug as heck lol, good on ya

Westpac lifts floating rates | MyNZ

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