Ed McKnight: "Inflation is nobody's friend"
ASB has cut its 18 month fixed term loan rate to 5.39% following cuts by Westpac and BNZ.
All three of the banks' six-month rates are now at 5.99% as they fight to be the bank of choice for mortgages.
This comes alongside rumours of a foreign buyer ban reversal - with experts saying it could work, but rules need to be more flexible.
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