Jenee Tibshraeny: NZ Herald Wellington business editor on the increase in banks dropping mortgage rates
BNZ is following other banks in cutting some mortgage rates, following ANZ and ASB.
This comes off the back of last week's Reserve Bank decision to keep the Official Cash Rate unchanged at 5.5 percent.
NZ Herald Wellington business editor Jenee Tibshraeny says higher interest rates are driving prospective home buyers away- and the banks need to win people back.
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