Westpac reaffirms November rate hike call and Westpac stock costs EUR 22.97

Published on 10/28/2026 at 09:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Westpac expects another RBA hike after inflation reached 4.3 percent. Westpac stock costs EUR 22.97 on October 28, 2026, with AUD 124.7 billion market value.

Westpac updates its rate view

Westpac economist Luci Ellis reaffirmed a November rate hike call on October 28, 2026.
Westpac's investor calendar lists fiscal 2026 results for November 2, 2026.
Westpac stock traded at EUR 22.97 at 9:00 a.m. CET at Lang & Schwarz on October 28, 2026.

Westpac, AU000000WBC1, Illustration mit AI erstellt.

Westpac Chief Economist Luci Ellis reaffirmed the bank's expectation of another Reserve Bank of Australia rate hike in November on October 28, 2026, while Westpac stock traded at EUR 22.97 at Lang & Schwarz at 9:00 a.m. CET. The latest company analysis links the call to annual inflation of 4.3 percent in September, up from 4.0 percent in August, according to Westpac.

Inflation keeps pressure on rates

The September consumer price data also showed a monthly increase of 0.8 percent. Underlying inflation, measured by the trimmed mean, rose 1.0 percent over the quarter and 3.6 percent over the year, keeping price growth above the RBA's 2-3 percent target band.

Westpac said higher energy costs and domestic capacity pressures had strengthened the case for another increase. Ellis expects a majority of RBA board members to support a hike, although the company said some members could dissent.

What does the call mean for Westpac?

The analysis points to a mixed operating backdrop for the bank. Higher rates can support lending margins, but they also increase borrowing costs for households and businesses. Westpac's own article said home prices had fallen in most Australian capital cities and that new housing loans had declined, while prices remained 50 percent above early 2020 levels.

The bank's view extends beyond the next meeting. Westpac said further increases after November are not its base case, although the risk of another hike, most likely in February, has increased.

Results provide the next test

Westpac's investor calendar lists the fiscal 2026 results for November 2, 2026 and the annual general meeting for December 16, 2026. Those dates give investors two company-specific checkpoints after the bank's rate call and ahead of its next full-year update, according to the Westpac investor calendar.

Stock valuation before results

Westpac's market capitalization was AUD 124.7 billion on October 28, 2026, based on the latest structured quote, while the euro quotation stood at EUR 22.97 at Lang & Schwarz. The share price and the bank's rate outlook are separate reference points for German investors because Westpac reports and trades primarily in Australian dollars.

Westpac stock was trading at EUR 22.97 at Lang & Schwarz on October 28, 2026 at 9:00 a.m. CET. The further course of trading is shown by the continuously updated real-time quote of Westpac stock.