ASX:CBA 12 March 2026 - 22 March 2026

New Zealand Rate Hike Pushes Up Floating Home Loan Rates
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New Zealand Rate Hike Pushes Up Floating Home Loan Rates

Westpac, ASB and BNZ raised floating mortgage rates after the Reserve Bank of New Zealand bumped its official cash rate up to 2.50%—the country’s first increase in over three years. The central bank signaled it may need to tighten further. The OCR is the main rate the central bank uses to guide inflation, and banks tend to push those changes onto mortgage rates, business loans, and savings. So this week’s call isn’t just a technical central-bank tweak—it means a real shift in cash flow for households facing higher food, fuel, and debt costs.
July 9, 2026
Westpac Banking Corporation Stock Price Slides as Rate Fears Hit Australia’s Big Banks
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Westpac Banking Corporation Stock Price Slides as Rate Fears Hit Australia’s Big Banks

Sydney — It’s March 23, 2026, 03:09 AEDT. Westpac Banking Corp’s shares on the ASX dropped 1.05% Friday, settling at A$40.70 and leaving the stock about 6% beneath the A$43.32 high from Feb. 25. Investors have been stepping back from those late February highs with oil-fed inflation fears flaring up again, and talk swirling about where Australian rates could be headed next.
March 22, 2026
Westpac Stock Price Drops as Fresh RBA Hike Calls Rattle Big Australian Banks
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Westpac Stock Price Drops as Fresh RBA Hike Calls Rattle Big Australian Banks

Westpac Banking Corp dropped 1.19% Thursday, settling at A$40.54. The stock continues to pull back from its all-time high of A$42.13 reached just a month back, as traders braced for another Australian rate increase and dumped shares across sectors, spooked by oil rushing toward $100 a barrel. This drop hits Westpac at a tricky moment. The bank bumped up variable home loan rates by 0.25 percentage point from Feb. 17, following the Reserve Bank of Australia’s recent decision. Consumer boss Carolyn McCann warned the hike could “add pressure to household budgets.” Margins might get a lift if there’s another increase, but borrowers would feel the pinch even more.
March 12, 2026
Commonwealth Bank of Australia Share Price Falls as Oil Shock Revives RBA Hike Bets
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Commonwealth Bank of Australia Share Price Falls as Oil Shock Revives RBA Hike Bets

Shares in Commonwealth Bank of Australia slipped 0.62% to finish Thursday at A$171.60, pressured as an oil rally stoked inflation worries that drove investors away from banks. The stock dropped as low as A$169.60 during the session. The S&P/ASX 200 lost 1.3%, closing at 8,629.00. This is significant: CBA, the nation’s largest lender, was a driving force behind February’s bank stock surge, buoyed by a record-setting half-year result. Westpac and National Australia Bank touched fresh highs too, following their own strong numbers last month. Thursday’s dip, then, lands in a sector that’s been pricing in robust earnings.
March 12, 2026
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