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flag ASB Bank lowers interest rates by 0.50% across various loans following New Zealand's OCR drop.

flag ASB Bank in New Zealand has lowered its variable interest rates by 0.50% for personal, business, and rural loans, following a decrease in the country's Official Cash Rate. flag The bank has also adjusted some savings rates, with the Savings On Call rate now at 1.15%, and the youth account (Headstart) and bonus saver account (Savings Plus) both set at 3.15%. flag ASB has reduced rates by nearly 2% over the past six months and is offering support to customers navigating these changes.

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