Here come the banks on the back of the OCR hike.
Both ASB and Kiwibank have raised their variable home lending rate - 5.85% to 6.35% for ASB and 5.5 to 6% for KiwiBank.
But the good news for customers is that it has meant an increase in saving deposit rates.
Kiwibank CEO Steve Jurkovich joined Mike Hosking.
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