More rate cuts at ASB; ANZ concerned about risk-aversion

Thursday, August 15th 2019, 9:57AM

Rates keep on falling.

Today ASB has slashed its fixed rate range, taking between 6 and 20 basis points off its home loan rates. Its 1 year special is down to 3.75%, and its two year special is now 3.69%. See how the rest of the bank's changes stack up here: [READ ON].

Some interesting comments across the ditch from ANZ Group CEO Shayne Elliott. Elliott says regulatory pressure has caused "risk aversion", which has "infected" the banking system. [READ ON].



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