ANZ and National Bank have now followed Westpac's move of cutting two-year fixed rates twice in one week.
Last week saw ANZ shave 15 points off its two-year rate on Monday and a further 6 points on Friday with a rate now of 6.79%. Westpac and National Bank both cut 14 points on Monday and a further 10 points on Friday to now have a rate of 6.75% each.
Kiwibank is leading the charge with a two-year rate of 6.69% following its 30 basis point cut last week.
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