Questions over why our largest bank has hiked its floating home loan rate. 

ANZ's lifted its rate 10 basis points to 5.79%. 

It says the move, which brings ANZ in line with most other banks, reflects changing global and local conditions. 

But Squirrel Mortgage Brokers Chief Executive David Cunningham told Mike Hosking it's raising interest rates because it can. 

He says its floating rate is much higher than its one-year fixed rate. 

LISTEN ABOVE 

Questions over why our largest bank has hiked its floating home loan rate.&nbsp;
ANZ's lifted its rate 10 basis points to 5.79%.&nbsp;
It says the move, which brings ANZ in line with most other banks, reflects changing global and local conditions.&nbsp;
But Squirrel Mortgage Brokers Chief Executive David Cunningham told Mike Hosking it's raising interest rates because it can.&nbsp;
He says its floating rate is much higher than its one-year fixed rate.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

David Cunningham: Squirrel Mortgage Brokers CEO on ANZ raising its floating home loan rate

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e4447c42-a80d-4288-a2fd-b3d70135e79d/transcript