Article #976497886
Tuesday, February 15th 2011, 7:17AM
HBS Bank has cut 10 basis points off its floating rate, which has brought it down to 6.15%. Its new floating rate is now well below the median rate for all lenders and is in line with Kiwibank and SBS Bank's floating rate.
Find out why the market has pushed out its expectations for the first Official Cash Rate (OCR) hike to October here.
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