A loud, late +50 basis points echo | interest.co.nz - Interest.co.nz

Slow out of the blocks, one major bank has now increased floating rates following the well-signaled RBNZ 50 basis points OCR increase. What banks didn't expect was the hawkish policy tone

Wednesday's Reserve Bank 50 basis points Official Cash Rate (OCR) hike to 2.00% has now brought a first, slow full response - from Kiwibank. The unexpected hawkish tone from the regulator has had ba… [+2611 chars]

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