News
OCR cut fuel for housing fire

Monday 14th of March 2016
To the surprise of many, the Reserve Bank cut the OCR, by 25 basis points, to a record low of 2.25% last Thursday.
To date, bank responses to the cut have been mixed.
ANZ, Westpac and Kiwibank chose to only pass on part of the cut to customers, citing rising funding costs...
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