OCR cut; Floating rates follow

Thursday, June 11th 2015, 8:52AM

The Reserve Bank has cut the OCR. Here is what the governor Graeme Wheeler said  [READ ON]

You can watch the Webcast of the announcement here

Following the move banks have been quick to cut their floating and revolving credit rates by 25 basis points. So far ANZ, ASB, Kiwibank, The Co-operative Bank have announced rate reductions.


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