ANZ, BNZ and Westpac are following ASB in raising fixed home loan rates following today's revelation inflation's risen by 3.3 percent in the past year.
But KiwiBank is going against the trend, announcing it's dropping its two-year fixed home loan rate.
KiwiBank Chief Executive Steve Jurkovich told Andrew Dickens realistically we are in a rising-rate environment, but he believes they can keep the two year rate down for a while.
"We need to provide some certainty, I mean, people that have been enjoying really low rates, some people will be spooked by any sort of rate rise, so this gives them a chance to lock in some certainty."
Jurkovich says everyone was surprised by the size of the rise in inflation but it also reflects a rise in business confidence.
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