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ASB, BNZ, Kiwibank drop interest rates

Author
Newstalk ZB,
Publish Date
Tue, 6 Aug 2024, 8:02pm
Markets are pricing in interest rates falling sooner. Photo / 123rf
Markets are pricing in interest rates falling sooner. Photo / 123rf

ASB, BNZ, Kiwibank drop interest rates

Author
Newstalk ZB,
Publish Date
Tue, 6 Aug 2024, 8:02pm

Three major New Zealand banks have slashed their rates ahead of next week's OCR review.

Both Kiwibank and BNZ have urged the Reserve Bank to cut the cash rate down - months ahead of predicted forecasts.

Infometrics Principal Economist Brad Olsen explains why there's a case for the Reserve Bank to move quicker.

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