Savers should be spared slashed rates following anticipated OCR cut
Most economists are now picking a 25 basis point cut to the official cash rate next Thursday, with the market pricing in a 94% chance of a cut. With special feature audio.
Kiwi savers shouldn’t be too alarmed by the prospect of the Reserve Bank cutting interest rates next week, an expert says.
According to Massey University associate professor David Tripe, it’s unlikely deposit rates will be dramatically slashed by retail banks passing on a full 0.25% cut.
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Jason Walls
Fri, 05 Aug 2016
Fri, 05 Aug 2016
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Savers should be spared slashed rates following anticipated OCR cut
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