ANZ moves on rates
PA Wellington The ANZ Bank is lowering by 1 per cent its lending rates on new and existing overdrafts, fully drawn advances, term loans and existing personal loans. The reductions will take effect from January 6. Interest rates on new personal loans will be reduced by 2 per cent a year. But interest rates on existing ANZ first mortgage housing loans, which were also increased in late June 1985 to 18 per cent, remain unchanged. Since that time rates on other categories of lending have risen by between 3 to 4 per cent in response to continuing rises in deposit costs.
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Press, 20 December 1985, Page 10
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105ANZ moves on rates Press, 20 December 1985, Page 10
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