BNZ interest drops again
PA Wellington The pank ct New zea- ( land will red ice its new and existing first mort- ( gage interest rates by 1 per ceqt to 8 per cent I from March 21. The move was the bank's’ second reduction i since February and had
brought t;he rate dow;n 2.5 per cent in about a month, the bank sajcl.i The Bank of New Zealand has! more than S6OO million invested in first mortgage! housing loans with $3 million new loans being approved every week, said the (chief executive, Mr Bob McCay.
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Press, 8 March 1988, Page 7
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94BNZ interest drops again Press, 8 March 1988, Page 7
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