Do the hawk
Westpac hiked its standard variable mortgage rate by 14 basis points this week, in what was possibly the most widely reported and extrapolated Aussie mortgage rate adjustment of all time.
Of course, what those furiously pumping out the extrapolation might also note in passing is that such moves increasingly nullify any chance of a hike in the official cash rate over the year(s) ahead.
If anything the talk is increasingly turning towards further cuts - and rightly so given that inflation is below target.
