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

 

ANZ Decreases Variable Home Loan Interest Rates

ANZ today announced a decrease in variable home lending rates following the Reserve Bank's decision to reduce the OCR.

The standard variable home loan interest rate will decrease from 7.95% per annum to 7.70% per annum for new applications received from Wednesday, 16 May 2001 and for existing customers from Monday, 11 June 2001.

In addition to this change, ANZ's Easy Start introductory 12-month variable rate will decrease from 6.95% per annum to 6.70% per annum and the ANZ Money Saver variable rate will also decrease from 7.55% per annum to 7.30% per annum. These changes are also effective for new applications received from Wednesday, 16 May 2001 and for existing customers from Monday, 11 June 2001.

The ANZ FlexiPlus home loan interest rate will decrease from 7.95% per annum to 7.70% per annum for both new and existing customers from Monday, 11 June 2001.

"The Reserve Bank's decision to reduce the OCR today means that the lower short-term wholesale interest rates seen over the past month or so should be sustained," said ANZ Managing Director, Dr Murray Horn.

Dr Horn says it is pleasing to be able to pass the benefits of these lower wholesale rates onto ANZ's customers.

ENDS




© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Provincial Growth Fund: Backing Growth In Gore

“Today’s announcements are a $1.6 million investment towards the Maruawai precinct project, which involves the redevelopment of the Hokonui Moonshine Museum and creation of the Maruawai Heritage Centre...” More>>

ALSO:

Inflation: Cigarette Price Rise Offsets Cheaper Petrol

The consumers price index (CPI) rose 0.1 percent in the March 2019 quarter, due to higher prices for cigarettes, Stats NZ said today... In the year to March 2019, the inflation rate was 1.5 percent, down from 1.9 percent in the December 2018 year. More>>

ALSO:

Government Suppliers: MBIE Reinstates Fuji Xerox As A

The government has reinstated Fuji Xerox as a supplier despite an ongoing Serious Fraud Office investigation into accounting irregularities that led to losses of more than $300 million. More>>

ALSO:

PSI: Service Sector Growth At Lowest Level Since 2012

April 15 (BusinessDesk) - New Zealand’s services sector activity grew at its slowest pace in more than six years in March, potentially signalling a slowdown in the domestic economy. More>>

ALSO: