WHY WEDNESDAY'S OFFICIAL CASH RATE RISE SPELLS THE END OF 'CHEAP MONEY' FOR BORROWERS

© Getty Images. ASB, ANZ and Kiwibank confirm increases to their floating interest rates on Wednesday. © Provided by Newshub Floating mortgage interest rates across three main banks are going up, spelling the end of cheap money for borrowers. The Official Cash Rate has gone up by another 25 basis points, to 0.75 percent. It marks the second consecutive cash ...

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