ASB hints it won’t be passing on the OCR cut
ASB Bank drops strong hints it won't be fully passing on any OCR cuts. With special feature audio.
ASB Bank is sending a strong signal it’s unlikely to fully pass on the expected interest rate cut by saying its wholesale funding costs are rising.
“Last year, wholesale funding costs increased by about 8 basis points. We’re expecting that to increase by about 13 basis points in the year that
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Jenny Ruth
Thu, 11 Aug 2016
Thu, 11 Aug 2016
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ASB hints it won’t be passing on the OCR cut
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