Australia's Westpac raises rates by 45 basis points

SYDNEY Dec 1 (Reuters) - Westpac Banking Corp (WBC.AX), Australia's third-largest lender, raised its variable mortgage rate by 45 basis points on Tuesday after Australia's central bank raised the benchmark rate by 25 basis points. (Reporting by Morag MacKinnon ) ((morag.mackinnon@thomsonreuters.com;+61 2 9373 1815)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))