ASB has announced significant reductions in its fixed mortgage rates, aligning with other major banks; the six-month fixed rate drops by 16 basis points to 5.29%, while the one-year fixed rate decreases by 6 basis points to 4.89%. ASB’s executive noted that borrowers now pay 2.5% less interest compared to 18 months ago, potentially saving $12,500 annually on a $500,000 loan.
Need More Context? 🔎
US ‘acting in collective self-defence’ claim in New Zealand’s response to bombings – Winston Peters
Foreign Minister Winston Peters acknowledges the U.S. assertion of acting in "collective self-defence" under the UN Charter following its bombings in Iran, while Labour and the Greens urge the New Zealand government to condemn the attacks as violations of international law. Acting Prime Minister David Seymour is expected to address New Zealand's position during today's post-Cabinet press conference. Need More Context? 🔎
Read more