Which banks have passed on how much of OCR cut
NBR readers say ANZ Bank should pass on the full official cash rate cut to its mortgage customers.
NBR online readers overwhelmingly say ANZ Bank [NZX: ANZ] wasn’t justified in passing on less than half of last week’s 25 point cut in the official cash rate.
Market minnow the Co-operative Bank was the first bank to react to the cut in the OCR to a record low of 2.25% and it passed on the full 25
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Jenny Ruth
Mon, 14 Mar 2016
Mon, 14 Mar 2016
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Which banks have passed on how much of OCR cut
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