NZ Herald·3 min read·medium
Westpac first to lift interest rates following OCR hike
N
NZ Herald
✦AI Summary
Westpac and ASB have increased their variable interest rates following a hike in the Official Cash Rate. While borrowers face higher costs, the banks noted that savers may benefit from improved deposit rates.
ASB has joined Westpac in raising interest rates after yesterday’s Official Cash Rate hike.
economybusiness
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