PHOTO: Westpac
OPINION: Holy heck, did Westpac just say the average Auckland mortgage could cost $6000 a year more in interest payments?
It certainly did, which is quite frankly terrifying for anyone unfortunate enough to have an average Auckland mortgage.
The bank is engaged in a war for public opinion with the Reserve Bank, which wants the big four banks to raise around $20 billion in extra capital to strengthen them against the risk of future global financial crises.
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