Pressure is mounting on banks to pass OCR cuts onto their customers. 

The Reserve Bank's signalling yesterday's double cut to the cash rate will be followed by at least two more single cuts. 

All major banks have started dropping their rates. 

But Governor Adrian Orr told Mike Hosking they need to go further. 

He says they need to be doing better, looking at their own margins, and chasing and competing for customers much more vigorously. 

LISTEN ABOVE 

Pressure is mounting on banks to pass OCR cuts onto their customers.&nbsp;
The Reserve Bank's signalling yesterday's double cut to the cash rate will be followed by at least two more single cuts.&nbsp;
All major banks have started dropping their rates.&nbsp;
But Governor Adrian Orr told Mike Hosking they need to go further.&nbsp;
He says they need to be doing better, looking at their own margins, and chasing and competing for customers much more vigorously.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Adrian Orr: Reserve Bank Governor on the OCR cut, need for banks to cut rates

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/cc72a9a6-b99d-4db8-aa8d-b289013f99b2/transcript