We have a change. PSIS has shaved six points from its six month rate taking it to 5.75%. The change doesn't make a big change to its competitive ranking in our table as several banks are sitting on 5.85% and PSIS now joins Kiwbank on 5.75% while there are a number of lenders sitting around the 5.60% mark and some even lower. To see how it compares have a look at the table sorted from lowest to highest on the six month rate.
Meanwhile the Reserve Bank's inflation expectations survey released yesterday changes the interest rate landscape a little and suggests that the is a growing chance that it could hike the OCR earlier than previously expected. We have the full story here.
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