NZ Herald·3 min read·medium
ASB hikes home loan rates amid volatility in wholesale interest rates
H
Herald Reporters
✦AI Summary
New Zealand's ASB bank has increased its fixed home loan interest rates, following a similar move by ANZ, due to ongoing volatility in wholesale interest rates. The bank is also raising term deposit rates to support savers amidst the current market environment.
ASB is hiking some of its home loan rates by as much as 26 basis points as volatility in wholesale interest rates continues.
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