Ed McKnight: Interest rates are going up - what should you do?
About this episode
Interest rates have begun to creep back up.
New Zealand’s largest bank, ANZ, has increased its rates across the board, hiking everything by 20 basis points except the one-year rate, which only increased by 10.
It's rates now start at 4.69% for its six-month “special” and go up to 6.49% for five-year terms.
So how high will they go and what should you do? Ed McKnight joined Jack Tame to offer some advice.
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