ANZ is NZ's largest home loan lender

  • increase fixed-term home loan carded mortgage rates across the board
  • +45 bp increase
  • four and five year fixed rates are above 5%
  • ANZ is also raising term deposit offer rates

Meanwhile, revised Reserve Bank of New Zealand interest rate path ahead issued by ASB:

  • official cash rate (OCR) to peak at 2% in late 2022
  • ASB had previously forecast the peak at previously 1.5%

Citing:

  • Annual CPI inflation will reach close to 6% at the end of 2021
  • is likely to remain persistently elevated well into 2022