HSBC has cut its one-year fixed home loan rate by 45 basis points to 5.79% and dropped its two and three-year rates by 14 and 20 points respectively.
Economists recommend that borrowers stay floating in the run up to the Monetary Policy Statement (MPS) this Thursday as floating and fixed rates could fall if the Official Cash Rate (OCR) is cut.
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New Zealand
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New Zealand
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