
Mortgage News
Borrowers unlikely to see full cut
Thursday 11th of August 2016
Following the OCR announcement this morning, Reserve Bank Governor Graeme Wheeler told media he would like to see most of the 25 basis point OCR cut passed on to borrowers.
However, Wheeler said it was a complicated assessment for banks – particularly given the competitive nature of the market.
He said that international funding costs have been rising and there has been more credi...
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