Kiwibank has now followed suite and reduced its six-month rate by 34 basis points and its one-year rate by 10 basis points. AMP Home Loans has also reduced its six-month and one-year rates by 29 and 19 points respectively for both its standard and priority products.
Our latest story on Good Returns looks into the RBNZ defending the potency of the official cash rate and indicating its disappointment with the retail banks' failure to pass on lower interest rates.
Click here to view our rates table in full and click here to graph comparisons.
