• Ed McKnight: "Inflation is nobody's friend"

  • Jan 18 2025
  • Length: 41 mins
  • Podcast

Ed McKnight: "Inflation is nobody's friend"

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  • Summary

  • ASB has cut its 18 month fixed term loan rate to 5.39% following cuts by Westpac and BNZ.

    All three of the banks' six-month rates are now at 5.99% as they fight to be the bank of choice for mortgages.

    This comes alongside rumours of a foreign buyer ban reversal - with experts saying it could work, but rules need to be more flexible.

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