NZ Herald·3 min read·medium
NZ’s biggest bank increases mortgage rates amid ‘global uncertainty’
R
RNZ
✦AI Summary
New Zealand's ANZ bank is raising fixed mortgage and term deposit rates, citing increased wholesale funding costs due to global uncertainty. The bank notes that rising interest rates in global markets, influenced by Middle East conflicts, are driving these local adjustments.
ANZ says the changes reflect a broad increase in wholesale interest rates. Photo / RNZ, Nate McKinnon
economybusiness
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