Mark Wilkshire: Co-Operative Bank CEO on banks dropping their rates after the OCR cut
The Mike Hosking Breakfast · Newstalk ZB
August 19, 20241m 59s
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Show Notes
It’s a battle of the banks after last week's Official Cash Rate cut.
Most banks dropped their advertised retail loan rates within minutes of last Wednesday's Reserve Bank announcement.
ANZ and Co-Operative Bank have now dropped their rates even further.
Co-Operative Chief Executive Mark Wilkshire told Mike Hosking things are getting competitive.
He says it's good news for homeowners out there, with rates coming down quite quickly.
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Topics
rate cutsocrCo-operative Bankmark wilkshirebanksratesmortgage rates