Steve Jurkovich: Kiwibank CEO on increasing variable home lending rate in wake of OCR hike

Here come the banks on the back of the OCR hike. Both ASB and Kiwibank have raised their variable home lending rate - 5.85% to 6.35% for ASB and 5.5 to 6% for KiwiBank. But the good news for customers is that it has meant an increase in saving deposit...