BNZ has increased some of its fixed home loan rates.
Effective today, the bank increased its standard one-year rate by 0.06% to 4.65%, its standard 18-month loan by 0.06% to 4.85%, and its standard two-year rate by 0.20% to 5.09%.
Those with less than 20% equity in their property will pay a low equity interest rate premium.
It comes after Kiwibank also announced it would be increasing home loan rates on Tuesday.
On Monday, rate increases announced by Westpac last week also came into effect. ANZ also recently lifted rates.
BNZ's announcement comes after the latest numbers from Stats NZ held New Zealand's inflation rate steady at 3.1%
The changing interest rates come as banks deal with moving wholesale interest rates, which drive what it costs banks to borrow the money they lend.
The oil crisis created by the war in the Middle East has driven up prices, raising concern that the Reserve Bank and other central banks might have to increase interest rates to slow inflation.
The Reserve Bank held the OCR steady at 2.25% earlier this month.
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