ANZ National Bank has cut its two-year mortgage rate to match similar moves by its peers.
The country's biggest bank cut its two-year fixed rate by 0.04 of a percentage point to 6.65% on Friday.
ANZ National is now in line with the other big banks, which cut two-year rates last week, but is still above Kiwibank, the market-leader.
The state-owned bank lowered its two-year rate to 6.95% last week.
ANZ National's moves come after a slight fall in the cost of borrowing on the money markets by banks this week.
