More rate moves from Westpac

Consumer borrowers at banks can expect more frequent moves in interest rates the chief executive of Westpac, Gail Kelly, said yesterday. The Financial Review reported on Kelly's remarks.

"Typically you would expect to see smaller rates move more often," Kelly said.

Westpac last month followed the lead set by ANZ to lift variable home loan interest rates at a time of a stable cash rate. Many other lenders have also lifted rates by up to 0.15 percentage points.

Of ANZ's pricing lead, Kelly told the AFR it had been "very helpful ... It has probably been more helpful for us than for [ANZ]."