Heritage Bank and ME Bank are two more lenders in Australia that have reduced their fixed rates in the month of August. 

Effective 15th August, the Commonwealth Bank reduced its three and four year fixed rates by up to 0.50% p.a.

Two more lenders in New Zealand reduced some of their fixed rates. Westpac reduced their special two year fixed rate by 0.10% p.a., whereas the Co-operative Bank reduced their six month, 18 month, and two year fixed rates by up to 0.10% p.a.

On Friday, 8th August, several lenders in Australia reduced their fixed rates, with the biggest changes made by BankWest and ANZ.

Effective 4th August, Homeloans reduced their Ultra two, three, four and five year fixed rates by up to 0.77% p.a. They also reduced their Classic variable rate by 0.05% p.a.

In the week beginning 5th August, SBS increased their variable rate by 0.35% p.a., but both SBS and ANZ then reduced their two year fixed rates by 0.10% p.a.

ANZ, Westpac and The Cooperative Bank in New Zealand increased their variable rate this week. ANZ and The Cooperative Bank increased their variable rates by 0.25% p.a., whereas Westpac increased their variable rates by up to 0.35% p.a.