Home loan interest rates continue to drop as the Reserve Bank pursues its path to a lower official cash rate, and wholesale markets fall.
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Maroc - RNZ.CO.NZ - Business - 08/Oct 04:59
ANZ and Westpac moved quickly after the Reserve Bank cut the official cash rate.
Home loan interest rates continue to drop as the Reserve Bank pursues its path to a lower official cash rate, and wholesale markets fall.
The official cash rate has fallen from a peak of 5.5 to 2.5 percent but some longer-term fixed rates moved by less than half the drop.
The official cash rate has fallen from a peak of 5.5 to 2.5 percent but some longer-term fixed rates moved by less than half the drop.
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