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Jenee Tibshraeny: Banks need to compete for consumer interest

Author
Newstalk ZB,
Publish Date
Wed, 6 Mar 2024, 7:55pm
That’s left a window of opportunity for first home buyers. Photo \ Getty Images
That’s left a window of opportunity for first home buyers. Photo \ Getty Images

Jenee Tibshraeny: Banks need to compete for consumer interest

Author
Newstalk ZB,
Publish Date
Wed, 6 Mar 2024, 7:55pm

BNZ is following other banks in cutting some mortgage rates, following ANZ and ASB.

This comes off the back of last week's Reserve Bank decision to keep the Official Cash Rate unchanged at 5.5 percent.

NZ Herald Wellington business editor Jenee Tibshraeny says higher interest rates are driving prospective home buyers away- and the banks need to win people back.

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