Article #976495533
Monday, August 24th 2009, 8:42AM
SBS Bank has raised its one-year home loan rate by 10 basis points to 5.80%.
The attention this week will be on whether other lenders join Kiwibank and BNZ by reducing their floating rates. Later this week we will be publishing our regular update on where economists think the OCR will go to at the next Monetary Policy Statement.
In our news today we report that BNZ is being coy on whether it will drop its anti-broker stance and return to the broker market.
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