Latest update: Westpac moves to undercut Kiwibank
Kiwibank has moved quickly after the OCR announcement and slashed all its fixed rates. The cuts range from 10 points for its six month to a massive 51 points on its four year rate. More details of the changes can be found in this article.
Meanwhile Westpac has taken 10 points off its one year rate bringing it down to 5.85%.
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