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ASB Passes Some Of Today's RBNZ Hike Through To Mortgage Rates

RBNZ

The NZ Herald notes that "ASB will increase its variable home loan rates after the Reserve Bank announced it would increase the official cash rate from 0.50% to 0.75% today. The bank has decided to pass through 0.15%, increasing its variable home loan rate from 4.45% to 4.60% and its orbit rate from 4.55% to 4.70%."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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