Chris Luxon says banks need to be passing on their OCR cuts to customers - and customers should be switching banks if they don't.

Mortgage rates have been falling significantly, following recent OCR cuts.

But the Reserve Bank says the banks still have room to move, to be cutting the rates further.

The Prime Minister says [told Mike Hosking] banks should be competing for customers, and customers should be trying to get the best deal they can.

LISTEN ABOVE

Chris Luxon says banks need to be passing on their OCR cuts to customers - and customers should be switching banks if they don't.
Mortgage rates have been falling significantly, following recent OCR cuts.
But the Reserve Bank says the banks still have room to move, to be cutting the rates further.
The Prime Minister says [told Mike Hosking] banks should be competing for customers, and customers should be trying to get the best deal they can.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Chris Luxon: Prime Minister says banks should be passing OCR rates to customers, or customers should switch banks

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4d65d2f9-56fc-4ce3-b3b7-b3a501391d1c/transcript

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