Home mortgage rates rise following OCR lift

The Reserve Bank of New Zealand lifted the official cash rate (OCR) for the first time in three years from its record low of 2.5 per cent to 2.75 per cent.

Following the lift, ANZ, ASB and Kiwibank have all announced a rise in their home mortgage rates.

The Reserve Bank of New Zealand lifted the official cash rate (OCR) for the first time in three years from its record low of 2.5 per cent to 2.75 per cent.

Following the lift, ANZ, ASB and Kiwibank have all announced a rise in their home mortgage rates.

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