Adrian Orr: Reserve Bank Governor on the OCR cut, need for banks to cut rates
The Mike Hosking Breakfast · Newstalk ZB
February 19, 20258m 23s
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
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
See omnystudio.com/listener for privacy information.
Topics
adrian orrreserve bankofficial cash rateocrrate cutsmortgage rates