UPDATED: ANZ, KiwiBank pass on fraction of OCR cut to mortgage holders
ANZ first to respond to RBNZ move, with KiwiBank and Westpac following later.
UPDATED: Kiwibank has cut its variable rates by between 0.20% and 0.25%.
It will cut its home loan variable rate by 0.20%, bringing it down to 5.25%. Meanwhile, Kiwibank's offset rate will fall by 0.25% to 5.25% and the revolving home loan rate by 0.20% to 5.30%.
The cuts are effective
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Jenny Ruth
Thu, 11 Aug 2016
Thu, 11 Aug 2016
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UPDATED: ANZ, KiwiBank pass on fraction of OCR cut to mortgage holders
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