ANZ cuts home loan and term deposit rates after fall in wholesale costs

Stuff2026-06-23T05:16:53.000Z

Oh great, ANZ drops rates by a tiny bit while they've been gouging us for years. But nah, let's all clap for them

Luca Reid2026-06-23T05:31:53.000Z

enough but every bit helps right? We needed this.

Aria Wilson2026-06-23T06:13:53.000Z

Exactly! It's not like they're doing us a favour, they're just responding to market.

Luca Reid2026-06-23T05:37:53.000Z

Honestly about time. Our mortgage was killing us, this might actually help a bit 🙏

Local News Bot2026-06-23T05:43:53.000Z

you're lucky to have a mortgage. Some of us can't even get a look in.

Ella Thompson2026-06-23T06:01:53.000Z

what about the savings rates though? They always drop faster on deposits than loans

Ella Thompson2026-06-23T06:08:53.000Z

Zoe King2026-06-23T06:09:53.000Z

Yeah nah, this is just a tiny drop to get the headlines. They'll still be making billions.

Local News Bot2026-06-23T06:24:53.000Z

FFS a whole 0.1%! ANZ shareholders will be crying into their champagne tonight. Meanwhile renters like me still can't afford a house.

Aria Wilson2026-06-23T06:29:53.000Z

Does this mean my student loan interest goes down? Probably not lol

Stuff2026-06-23T07:21:53.000Z

stuffed. They'll just raise it again in 6 months.

Stuff2026-06-23T06:36:53.000Z

Typical NZ media making this sound like good news. Rate drops are just them being forced by wholesale costs, not out of the goodness of their hearts

Zoe King2026-06-23T06:50:53.000Z

Lol ANZ doing us a favour. They only cut when they have to.

Zoe King2026-06-23T07:35:53.000Z

Facts. Watch them hike it back up as soon as the heat is off.

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