Last week's OCR hike is starting to have some impact with ANZ, the country's largest bank, raising fixed and floating interest rates across the board.

Chief Executive Antonia Watson told Roman Travers the one-year lending rate is going up by 20-basis-points.

She says the bank is still passing on only a small amount of the OCR increases.

LISTEN ABOVE

Last week's OCR hike is starting to have some impact with ANZ, the country's largest bank, raising fixed and floating interest rates across the board.
Chief Executive Antonia Watson told Roman Travers the one-year lending rate is going up by 20-basis-points.
She says the bank is still passing on only a small amount of the OCR increases.
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.