It took a week, but we are finally seeing some movement following BNZ's move in dropping the two year-rate. Kiwibank has cut 10 basis points reducing its two-year rate to 6.59%, however TSB Bank has made the same cut to its two-year rate bringing it one point lower at 6.58%.
Westpac is the latest bank to make the 10 basis point cut to its two-year rate.
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