We have more rate changes from banks today and the evolving pricing strategies are interesting. ANZ led things off and Westpac pretty much followed with similar sized increases, but slightly better pricing.
ASB followed but instead of 55 basis point increases to the key rates (six months to three years) it went with 50 basis points.
Perhaps the most interesting is Kiwibank - it's only increased its floating rates.
The general view is that OCR increases mainly impact floating and maybe short term rates. But following last week's OCR hike three of the big banks have also increased fixed rates.
To see how two-year rates compare CLICK HERE
| « Westpac follows ANZ and puts up rates; Avanti snares top banker | Kiwibank increases commission and rates » |
Special Offers
No comments yet
Sign In to add your comment
© Copyright 1997-2024 Tarawera Publishing Ltd. All Rights Reserved