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The Palmerston North distribution centre will be finished in July; recruitment is underway so it will be fully staffed when it opens in a few months. ....
Unlike a fixed interest rate, the new build floating rate (currently 1.79 percent) changes according to market conditions. ASB said the rate is linked to the Reserve Bank Funding for Lending Programme, a pool of funds available at the Official Cash Rate for banks to lend. The bank said there s confidence these funds will stay low for the foreseeable future. If the Reserve Bank did change the discounted FLP rate then that would trigger us to look at the ASB Back My Build variable rate, but our intention is for our customers to enjoy the benefit of the FLP discounted rate, Sims added. ....