	westpac in n z raises indicator lending rate westpac banking corp in new zealand said it will increase its indicator lending rate by percentage points to pct from april westpac said in a statement the increase reflects high costs of funding the bank said nervousness in the wholesale deposit market is creating uncertainty about the immediate outlook for  rates liquidity is expected to remain tight over the next month and this will put upward pressure on  rates base lending indicator rates of the other three trading banks range between pct and pct reuter 
