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.
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Hawke’s Bay
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
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Jenny Ruth
Fri, 12 Jun 2015
Fri, 12 Jun 2015
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BNZ cuts a floating mortgage rate by more than the OCR cut
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