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ANZ and Kiwibank raise mortgage rates after Reserve Bank hikes OCR to 0.5% – Stuff.co.nz
OCR rise expected to be the first of a few as central bank seeks to keep check on inflation.
The Reserve Bank has raised the official cash rate by 25 basis points to 0.5 per cent, ending an 18-month spell at the record-low rate of 0.25 per cent.
ANZ, the countrys biggest bank, announced within minutes that it was increasing the interest rates…
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