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Bank drops fixed mortgage rates again
BNZ makes changes to its rates for loans covering one year through to five years
The BNZ is dropping a number of its fixed home loan rates.
The change comes a week after the Reserve Bank cut the Official Cash Rate by 25 basis points to 3%.
BNZ said rates for loans covering 1 year through to 5 years would fall, while its standard 6 month fixed rate remained the same.
Its 1-year, 18 month and 2-year rates have dropped to 4.75%, while the 3-year rate becomes 4.95%.
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