Major banks in NZ and AU cut home loan rates, anticipating official cash rate reductions.

Several major banks in New Zealand and Australia, including BNZ, ANZ, ASB, and Macquarie, have recently reduced their home loan fixed rates, aiming to stay competitive. These cuts follow predictions of upcoming official cash rate reductions by the Reserve Bank of New Zealand and the Reserve Bank of Australia, potentially boosting homeowners' finances. However, the extent and timing of these reductions remain uncertain, with some experts advising potential borrowers to wait for more data before locking into fixed rates.

2 months ago
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