South Canterbury Finance cuts debenture rates by up to 125 bps

South Canterbury Finance has announced cuts in its debenture and unsecured deposit rates of between 25 to 125 basis points after the 150 basis point cut in the Official Cash Rate last Thursday, but it has left its 3, 4 and 5 year rates unchanged at 7.75%. South Canterbury cut its 6 month secured debenture rate by 125 basis points to 4.75% and cut its 2 year rate from 6.75% to 6.25%. All the latest rates are here. * This article was first published yesterday in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 per annum and carries exclusive news and analysis for New Zealand banking and finance industry executives, regulators and investors. Sign up for a free trial here.