ANZ has raised several of its fixed home loan rates, becoming the latest bank to respond to rising wholesale funding costs even as the Reserve Bank signals caution about further interest rate cuts.
The country’s largest lender is increasing its 18-month and two-year fixed rates by 20 basis points, with three-, four- and five-year terms rising by 30 basis points, while trimming its six-month rate by 10 basis points.
ANZ said wholesale interest rates for terms beyond a year have jumped sharply since mid-October, driving the changes. Although the Reserve Bank recently cut the official cash rate, Governor Anna Breman said markets had moved too far in pricing in further reductions, stressing that the OCR is likely to stay at 2.25 per cent for some time if conditions unfold as expected.
Yep, best way to get the CEO’s property portfolios in the Bahamas and Seychelles doubled in size
for 2026 and beyond
I am aware there are past debt problems.