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flag Kiwibank lowers home loan rates amid competitive pressures in New Zealand's mortgage market.

flag Kiwibank has reduced its home loan interest rates, lowering the one-year special fixed rate to 4.89% and the two-year rate to 4.95%. flag The bank also cut term deposit rates by 10 to 15 basis points, following the Reserve Bank of New Zealand's drop of the official cash rate from 5.5% to 3.25%. flag Other banks like ANZ and ASB have similarly reduced their rates, signaling competitive pressures in the mortgage market.

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