BNZ cuts a floating mortgage rate by more than the OCR cut
David Tripe says this is an indication of some fat in banks' floating rate margins.
Bank of New Zealand has stolen a march on its competitors by cutting one of its key floating mortgage rates by 40 basis points, more than yesterday’s 25 basis point cut in the Reserve Bank’s official cash rate.
The head of banking studies at Massey University, David Tripe, says this is an
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Jenny Ruth
Fri, 12 Jun 2015
Fri, 12 Jun 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
BNZ cuts a floating mortgage rate by more than the OCR cut
48578