News

OCR down, mortgage rates… eventually?

Blaming outdated IT systems and the “need to notify customers,” banks are delaying rate cuts and making millions in the process.

The Coalition isn’t buying it - and says it’s time for the FMA to investigate.

After all, if banks have the money for dividends and record profits, they can afford better systems and faster action. [READ MORE]

See the current movement in rates here

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