Well we have had all sorts of reaction by banks to the OCR cut last week. The most generous so far is The Co-Operative Bank which immediately passed on the full 25 basis point cut to its floating home loan rate customers. All the banks, except BNZ and HSBC, have rolled out their new rates. To see how they compare check our table which has been sorted from lowest to highest on floating rate. [CLICK HERE]
Meanwhile the politicians are fighting over whether banks should be forced to pass on OCR cuts. Labour leader Andrew Little says yes, John Key says no. [Read On]
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