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Kiwibank raises floating mortgate rate

Sunday 19th of September 2004

The change is effective immediately for new customers and will take effect from October 4 for existing customers.

The increase follows the recent rise in the Official Cash Rate set by the Reserve Bank and general increases in the wholesale market, Kiwibank said.

Other main banks have raised their rates to around 8.5 or 8.6 per cent.

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