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Home World New Zealand

ANZ, Westpac, Kiwibank drop home loan lending rates after Reserve Bank cash rate cut

20 August 2025
in New Zealand
0
ANZ, Westpac, Kiwibank drop home loan lending rates after Reserve Bank cash rate cut
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Banks, including Westpac, have begun reducing mortgage rates following the Reserve Bank’s cut of the Official Cash Rate from 3.25% to 3%. Westpac lowered its one-year, 18-month, and two-year special rates to 4.75%, marking a new low, while its three-year rate decreased by 30bps to 5.09%, aiming to alleviate financial pressures on households and businesses.

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Tags: 325after..ANZBankBankscashcutdropdroppingfromhavehomekiwibanklendingloanmortgageofficialrateRatesReservestartedtheirWestpac
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