Banks' home-loan war raises inflation fears
Big banks are slashing some interest rates in a war to win customers, just as the Reserve Bank warns again that some homeowners might struggle if interest rates rise.
Sunday, October 24th 2004, 2:28AM
by The Landlord
That rate matched the BNZ, which has promised to undercut any other big bank on the two-year rate till at least mid-December. BNZ is expected to respond.
"We have thrown down the gauntlet on the two-year (rates)," said BNZ business development general manager Andrew Whitechurch. Other banks had followed.
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| « Rates up, up and away | Mortgage interest war heats up » |
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