Article #976496699
Tuesday, May 11th 2010, 7:29AM
BNZ has increased its six-months to two-year fixed interest rates by 10 basis points across both its GlobalPlus and Standard, FlyBuys products today. Its six-month rates are now the lowerst offered by a major bank and its one and two-year rates are just 10 points off the lowest rates for these terms, which are offered by ASB Bank.
Wairarapa Building Society has raised its one-year rate by 20 points to 6.45%, which is just over the median rate for non-bank lenders.
Just as the market and economists were locking in predictions for a June rate hike after a speech by Governor Bollard and strong employment figures last week, the situation in Greece derailed any certainty within 24 hours. Find out what economists are now predicting for the June 10 Monetary Policy Statement here.
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