Utilize the input text as a context reference, choose the right relationship between Westpac and Auckland from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Despite the rate cut, the central bank’s statement “was not as dovish as markets were prepared for, particularly concerning the exchange rate,” economists at Westpac Banking Corp. in Auckland wrote in a client note after the decision.

Answer: headquarters_location