RNZ·3 min read·medium
Which banks pass on OCR changes first?
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RNZ | Te Reo Irirangi o Aotearoa
✦AI Summary
New data from New Zealand's Financial Markets Authority reveals significant disparities in how quickly different banks pass on Official Cash Rate (OCR) changes to customers. While some banks adjust savings and mortgage rates rapidly, others are slower, leading to questions about transparency and profit margins.
Some banks are quicker to pass on official cash rate movements to borrowers and savers than others, new data from the Financial Markets Authority shows.
businesseconomy
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