Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


ANZ Leads Market With Home Loan Interest Cuts

Monday 19 March

ANZ Leads Market With Further Home Loan Interest Cuts

ANZ today announced further decreases to its fixed rate home loans.

The latest decreases are more good news for the Bank's customers who benefited from both variable and fixed rate cuts last week.

The fixed home loan rates will decrease from Tuesday 20 March, as follows:

* One year fixed rate decreases from 6.99% per annum to 6.85% per
* Two year fixed rate decreases from 7.15% per annum to 6.99% per
* Three year fixed rate decreases from 7.20% per annum to 7.10% per
* Four year fixed rate decreases from 7.40% per annum to 7.30% per
* Five year fixed rate decreases from 7.50% per annum to 7.40% per annum

These changes place ANZ's home loan rates amongst the lowest available in the market.

ANZ Managing Director, Dr Murray Horn, says the reductions are a reflection of the Bank's commitment to passing on to its customers the savings made from the recent decline in wholesale interest rates.


© Scoop Media

Business Headlines | Sci-Tech Headlines


"Broad-Based Growth": GDP Rises 1 Percent In June Quarter

Gross domestic product (GDP) rose 1.0 percent in the June 2018 quarter, up from 0.5 percent last quarter, Stats NZ said today. This is the largest quarterly rise in two years. More>>


Judicial Review: China Steel Tarrif Rethink Ordered

On 5 July 2017 the Minister determined not to impose duties on Chinese galvanised steel coil imports. NZ Steel applied for judicial review of the Minister’s decision. More>>

Debt: NZ Banks Accelerate Lending In June Quarter

New Zealand's nine major lenders boosted lending at the fastest quarterly pace in almost two years as fears over bad debts subsided. More>>


Balance Of Trade: Annual Current Account Deficit Widens To $9.5 Billion

New Zealand’s current account deficit for the year ended June 2018 widened to $9.5 billion, 3.3 percent of GDP, Stats NZ said today. More>>