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

 

ANZ Decrease Home Loan Interest Rates

Wednesday 19 September 2001

ANZ Announce A Decrease In Home Loan Interest Rates

ANZ's Managing Director, Dr Murray Horn, today announced a decrease in variable home lending rates.

The standard variable home loan interest rate will decrease from 7.70% per annum to 7.20% per annum for new applications received from Wednesday, 19 September 2001 and for existing customers from Monday, 8 October 2001.

In addition to this change, ANZ's Easy Start introductory 12-month variable rate will decrease from 6.70% per annum to 6.20% per annum and the ANZ Moneysaver variable rate will also decrease from 7.30% per annum to 6.80% per annum. These changes are also effective for new applications received from Wednesday, 19 September 2001 and for existing customers from Monday, 8 October 2001.

The ANZ FlexiPlus home loan interest rate will decrease from 7.70% per annum to 7.20% per annum for both new and existing customers from Monday, 8 October 2001.

"These reductions follow a sharp fall in wholesale interest rates in response to the Reserve Bank's decision this morning to lower the Official Cash Rate from 5.75% to 5.25%," says Dr Horn.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



BusinessNZ: Third Snapshot Report Reveals $9.5 Billion Business Investment In Climate Action

Signatories to the Climate Leaders Coalition have committed to invest $9.5 billion over the next five years to reduce emissions from their businesses, as revealed in their third anniversary snapshot report released today... More>>

Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>


Serious Fraud Office: Commences Enquiries Into Allegations Of COVID-19 Wage Subsidy Fraud
The Serious Fraud Office has commenced a number of enquiries into alleged abuse of the Government’s COVID-19 Wage Subsidy. Director Julie Read said the allegations relate to multiple complex cases of potential fraud that have been referred to the agency following extensive investigations ... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>



Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>


Transpower: Releases Independent Report Into Events Of August 9
Transpower’s Chief Executive Alison Andrew has today released an independent report into the grid emergency of August 9 when insufficient generation was available to meet demand, leading to some customers being disconnected... More>>