ME Bank cut its principal and interest variable mortgage rate for owner-occupiers by eight basis points, taking it to 3.79 per cent. It cut its P&I variable rate for investors by 10 bps, taking it to 4.17 per cent.It cut its three-year fixed rate for owner-occupiers by 21 bps to 3.58 per cent, and its two-year rate for investors by 26 bps to 3.88 per cent.Ubank cut a range of fixed rates for owner-occupiers and investors by up to 25 bps.RateCity reported that Greater Bank went against the trend, increasing all its variable rates by 10 bps.Last week, Macquarie Bank cut variable rates for owner-occupiers by between seven and 21 basis points, and variable rates for investors by up to 51 bps.Macquarie cut fixed rates by up to 20 bps. ANZ cut a wide range of fixed rates by up to 60 bps.