So far, following the OCR increase, the following lenders have raised rates: ANZ, ASB, Bank Direct, Sovereign, NZ Home Loans and The Co-opeartive Bank. All have hiked their floating and revolving credit rates 25 basis points. The most interesting move is that The Co-operative Bank has also hiked its six-month, one year, 18 month and two year rates which now all sit at 6.00%.
Expect more increases today.
Here we have a round up of some of the key comments from yesterday's OCR and Monetary Policy Statement. Read on
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