HSBC has increased its one and two year rates by 25 basis points to 5.74% and 6.74% respectively which are still well below the medians for minor banks. To be eligible customers need to have minimum combined home loans of $500,000.
In Expert Views, BNZ economist Tony Alexander gives a simple lesson in how monetary policy works. Also in news today we find out which banks are punching well below their weight in the mortgage lending market.
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