ANZ has followed in ASB's footsteps in lifting mortgage and term deposit rates.

Most of the increases target mortgages with two or more years, raising most of those rates by 20 basis points.

NZ Herald Wellington business editor Jenee Tibshraeny says ANZ is blaming rising wholesale interest rates and inflation for these hikes- but it's tough to say if this is a justification. 

LISTEN ABOVE

ANZ has followed in ASB's footsteps in lifting mortgage and term deposit rates.
Most of the increases target mortgages with two or more years, raising most of those rates by 20 basis points.
NZ Herald Wellington business editor Jenee Tibshraeny says ANZ is blaming rising wholesale interest rates and inflation for these hikes- but it's tough to say if this is a justification. 
LISTEN ABOVE

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