Major cuts
Friday, July 2nd 2010, 7:10AM
Three of the main banks have followed Kiwibank and cut their two year rates by more than 20 basis points to the 7.00% mark.
ANZ and National Bank have gone one further and cut their three, four and five year rates by between 45 and 74 basis points. The biggest cut being to ANZ's five year rate which is down from 8.50% to 7.75%.
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