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12 Feb 2025 17:29
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  •   Home > News > Business

    Banks are once again jockeying for position -- with ASB lowering its rates this morning, off the back of a move by Westpac yesterday afternoon

    Banks are once again jockeying for position -- with ASB lowering its rates this morning, off the back of a move by Westpac yesterday afternoon

    17 January 2025
    Many borrowers are now on floating or short-term fixed rates as they await more OCR cuts.

    However, bank economists now expect the Reserve Bank to start hiking the OCR again next year.

    Infometrics Principal Economist Brad Olsen says the latest changes to advertised rates are likely to be the first of many small adjustments.

    He says the changes won't be big, but they may be enough for banks to attract more customers and increase market share.

    © 2025 Newstalk ZB, NZCity


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     Top Stories

    RUGBY RUGBY
    A further blow to the Hurricanes backline for Friday's Super Rugby opener against the Crusaders in Christchurch More...


    BUSINESS BUSINESS
    ASB's reporting a one-percent increase in net profit, for last year's second half More...



     Today's News

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    Entertainment:
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    A further blow to the Hurricanes backline for Friday's Super Rugby opener against the Crusaders in Christchurch 16:37

    Politics:
    China-backed APT40 hacking group blamed for cyber attacks on Samoa 16:27

    Rugby League:
    Former New Zealand and Samoa league rep Frank Pritchard thinks the international game would benefit from the next NRL expansion team being a blend of Maori and Pacific Islanders 16:17

    Entertainment:
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    International:
    Donald Trump trade adviser says Australia 'killing aluminium market' in blow to tariff exemption hopes 15:37


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