We have more home loan rate cuts. This time from ASB, Bank Direct and Sovereign. Their changes have been to longer rates (one year plus) and range from 10 basis points to 20 basis points. All the new rates are in our table.
The Reserve Bank has kept the OCR at its historic low of 2.50% today, citing global uncertainty and modest growth in New Zealand. He gave no indication of when hikes will start.
Click here to see what RBNZ governor Alan Bollard said.
« Another bank cuts rates | ASB cuts 1 to 5 year fixed home loan rates » |
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