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NZ Herald

ANZ raises mortgage and term deposit rates, citing “global uncertainty”

AI Market Summary
ANZ, New Zealand's largest bank, raised term-deposit rates (up to 30 bps) and fixed mortgage rates (10–26 bps) citing higher offshore wholesale funding costs amid global uncertainty, including Middle East conflict risks. The move signals tighter effective financing conditions and can influence NZD via relative-rate expectations and risk sentiment, while also affecting domestic bank and housing-credit dynamics in the near term.
Impact level
● Medium
Affected assets
NCFXNZD2USD/USDT-0.20%
AI Insight · NCFXNZD2USD/USDTAI Insight
● Neutral
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ANZ, New Zealand’s largest bank, raised a range of retail interest rates, lifting its six-month term deposit rate to 3.55% and increasing its 18-month and two-year rates by 30 basis points to 4.2% and 4.3%. The bank also increased fixed mortgage rates by 10 to 26 basis points across terms from six months to three years. ANZ attributed the move to “global uncertainty,” pointing to persistently tight local monetary policy.
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