Westpac and BNZ rate cuts; NZ bank risk assessed
Monday, September 23rd 2019, 10:40AM
To kick off the week, both BNZ and Westpac have cut fixed mortgage rates this morning.
BNZ's two-year rate has fallen to 3.49% for owner-occupiers, and 3.74% for investors.
Meanwhile, Westpac's two-year fixed special is down to 3.54%, a 5 basis point cut.
See how two year rates stack up on our rates table.
Ratings agency S&P has done some more analysis on the NZ banking sector. It believes the industry is as risky here as it is in Iceland and Ireland. Find out more here: [READ ON].
| « SBS rate cut; OCR preview | ANZ warns of mortgage rate pressure » |
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