ANZ cuts home loan and term deposit rates after fall in wholesale costs

🌐 New Zealand Herald (NZ) —
ANZ cuts home loan and term deposit rates after fall in wholesale costs

AI Summary

ANZ and Westpac have cut home loan and term deposit rates in New Zealand following a decrease in wholesale funding costs. The move reflects easing borrowing conditions and impacts the local mortgage and deposit markets.

Westpac made similar home loan cuts last week, amid easing funding costs.

Markets Real Estate ANZ Westpac interest rates home loans New Zealand mortgage rates

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