Posts Tagged ‘official cash rate’
Fantastic Drop »
The Reserve Bank yesterday reduced the official cash rate (OCR) by 150 basis points to 3.5%. Kiwibank was the first bank to reduce its rates with Westpac following closely behind. At the end of day all the other major banks had followed suite and made reductions to rates across the board, some passing on up to 100 basis points or more. All the [...]
