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...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.