ASB becomes fifth major bank to reduce home loan rates

1NewsRNZFriday 15 August 2025 · 2 outlets · 2 reports · updated

In this story Reserve Bank of New Zealand, ANZ, Westpac, ASB, Kiwibank, BNZ

Photo: 1News (opens in new tab)

ASB has lowered four of its fixed home lending rates, including its one-year fixed mortgage rate to 4.79 per cent. This follows similar rate reductions by ANZ, BNZ, Kiwibank and Westpac. The moves come ahead of next week's expected official cash rate decision by the Reserve Bank.

How they headlined it

First reported by 1News, Fri 15 Aug 2025, 8:08am · 2 reports from 2 outlets over 22 minutes
  1. 1News1News

    Fifth major bank this week drops home loan rates (opens in new tab)

  2. RNZRNZ

    ASB joins other major banks on 4.79% mortgage interest rate (opens in new tab)