BNZ cuts NZ fixed home lending rates .
WELLINGTON 1996-08-22
Bank of New Zealand said on Thursday it was cutting its fixed home lending rates .
The rates are :
New rate old rate
Six month rate 10.5 pct 10.75
One year 10.5 pct 10.95
Two year 10.5 pct 11.25
Three year 10.5 pct 11.25
BNZ said it was responding to lower wholesale rates .
Fixed business and farm lending rates rates were left unchanged although they were under review .
-- Wellington newsroom 64 4 4734 746