MR - Experts Views

Bank fixed-lending rates 'reasonable', floating rates could fall

Monday 6th of July 2009

In a report on bank funding costs and margins, the Reserve Bank of New Zealand (RBNZ) concludes that a large part of its cuts to the official cash are have been passed on to households and businesses.

Still, the spreads between marginal funding costs and floating mortgage rates have widened in recent months to "historically high levels."

The RBNZ said it is continuing to have disc...

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