
TMM - News
Don't expect rates to fall on back of OCR cut

Thursday 10th of November 2016
While the banks have been silent, BNZ did put out a statement confirming it would not cut its rates. Westpac followed late on Thursday.
“We are not making any changes to interest rates today," BNZ acting director of retail and marketing David Bullock said.
"It’s a good time to remind people that interest rates aren’t directly or solely linked to the OCR. Banks get their ability to...
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