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.
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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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