Customers are seen at a Westpac Bank in the central business district of Sydney. — AFP
SYDNEY: Westpac Banking Corp says it sees scope for monetary policy in Australia to become less restrictive within the next year, while reporting a drop in its first quarter unaudited net profit versus the prior six months quarterly average.
Westpac’s shares were down 0.2% at A$24.515 yesterday, after having fallen as much as 0.9% earlier in the session.
