As predicted other banks are following their peers and increasing rates. BNZ has made 20 basis point increases to the 18 month term for both its flagship "Classic" homeloan as well as its GlobalPlus loan. It has made 30 point increases to all terms from two to five years for its Standard and Global Plus loans.
Although the seven year rates are not included in the table (as BNZ is the only bank with this term) it now has this rate at 8.99% and 9.09% for its Standard and GlobalPlus loans respectively.
