Liam Dann: NZ Herald business editor at large on ASB being the latest major bank to drop mortgage interest rates - Heather du Plessis-Allan Drive

ASB is the latest major New Zealand bank to drop their mortgage interest rates for three and four year terms.

This follows BNZ and Kiwibank bringing down their interest rates, as wholesale rates have trended down.

NZ Herald business editor at large Liam Dann explains why these banks are making these moves, despite the RBNZ holding rates steady.

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