ANZ reduces fixed mortgage rates following BNZ move

Wednesday 1 October 2025 · 2 outlets · 2 reports · updated Wed 1 Oct 2025, 6:40pm

In this story Reserve Bank of New Zealand, ANZ, BNZ

ANZ has lowered its one-year fixed home loan rate to 4.49 per cent, matching a recent reduction by BNZ. The bank also cut its six-month fixed rate. These changes occur ahead of the Reserve Bank's next Official Cash Rate decision on 8 October.

How they headlined it

6:05pm6:40pm

1. NZ HeraldWed 1 Oct 2025, 6:05pm

   Mortgage rate cuts: ANZ drops fixed rate below 4.5% day after BNZ as OCR decision due next week (opens in new tab)

2. RNZWed 1 Oct 2025, 6:40pm

   ANZ cuts interest rates to match rival BNZ (opens in new tab)