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And then also what's the ability of Westpac to reprice its back-book as rates go down?
But we do have $13 billion roughly of premium finance loans that's still reprice over the course of the year.
I think we'll see loans reprice up.
The GDP revision and the strong unemployment claims report have caused the markets to reprice upwards the probability of a rate hike in July.
Source: https://www.marketpulse.com/forex/japanese-yen-flirts-with-145-core-cpi-ticks-upwards/kfisher
This is not going to reprice any time soon.