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9 May 2024 5:02
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      Home > News > Business

    The country's largest bank is lifting its floating home rate, following the latest hike to the Official Cash Rate

    The country's largest bank is lifting its floating home rate, following the latest hike to the Official Cash Rate


    The Reserve Bank of New Zealand lifted the OCR by 50 basis points.

    The ANZ Floating home loan interest rate, ANZ Flexible home loan interest rate and Blueprint to build
    will go up by point five percent each.

    Business floating and Business overdraft base rates will also go up 0.5 percent, with the bank saying it will continue to provide targeted support for businesses that need it.

    There is no change to ANZ fixed home loan rates.

    © 2024 Newstalk ZB, NZCity

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