The next bank to move fixed home loan rates up, is Westpac. This reverses its -10 bps cut to its two year fixed rate on August 14, now raising that same rate by +20 bps to 6.89%. ASB opened the door and now both ANZ and Westpac have taken the invitation to raise rates. At the same time, Westpac has raised some term deposit rates. Daily swap rates Select chart tabs 1 year % 2 years % 3 years % 4 years % 5 years % 7 years % 10 years % Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA

Source: Stuff August 24, 2023 08:58 UTC