Jenee Tibshraeny: NZ Herald Wellington business editor on ANZ increasing their mortgage rates
New Zealand's largest bank, ANZ, has lifted their mortgage and deposit rates by as much as 30 basis points.
As of today, the bank's six-month mortgage rates will increase by 26 points, its four and five-year rates will rise by 25 points, and its three-year rates by 20 points.
ANZ has also hiked their one-year, 18-month, and two-year rates by between 10 and 14 points.
NZ Herald Wellington business editor Jenee Tibshraeny explains the economic factors driving up these rates.
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