BNZ has today lowered a number of its home loan interest rates, continuing the trend after a number of other cuts among leading banks in recent months.
All of its standards fixed mortgage rates were lowered except for the six-month figure.
The bank's standard one-year fixed rate was cut from 7.95% to 7.89%, the standard 18-month fixed rate was cut from 7.75% to 7.59% and the standard two-year fixed rate was cut from 7.49% to 7.45%.
Its standard three-year rate dropped from 7.39% to 7.25%, while both the standard four-year rate and the standard five-year rate fell from 7.35% to 7.15%.
BNZ's classic rates similarly saw wholesale changes with only the six-month figure untouched.
The one-year (now 7.29%), two-year (now 6.99%), 18-month (now 6.85%), two-year (now 6.85%), three-year (now 6.65%), four-year (now 6.55%) and five-year (also now 6.55%) classic home loan rates have been slashed.
The bank's last change was in December. That week, ASB and ANZ also announced cuts.
Since then, ASB has trimmed some rates again and Westpac has followed suit.
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