Major bank hikes some mortgage rates as cost of living concerns soar ahead of Christmas| Stuff.co.nz
Автор: Stuff
Загружено: 2025-12-09
Просмотров: 3378
Westpac has become the first major bank to increase some of its mortgage lending rates following months of interest rate cuts.
It comes after the Reserve Bank gave the impression last month it was closing the door on further cuts to the official cash rate, which appears to have pushed Westpac to hike its longer-term mortgage rates.
As political correspondent Zane Small reports, it's bad timing for the government with a new poll showing cost of living concerns have soared ahead of Christmas.
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