PHOTO: ANZ chief Executive Antonia Watson. FILE
ANZ has reduced most of its fixed mortgage and term deposit rates. Mortgage rate drops include the one-year special rate now at 6.19% and the standard at 6.79%, both down by 0.16%. Other reductions range between 0.10% to 0.15%. Term deposits over $10,000 saw declines, with the biggest drop being 0.15% for 270-day and 18-month terms. The changes come as Westpac predicts a 50 basis point cut to the official cash rate in October, followed by another in November.
SOURCE: 1NEWS