To wrap up OCR day here is a link to our analysis which suggests this is the final OCR cut in this cycle. Read it here.
Cut cuts are coming through with The Co-operative Bank chopping 31 points off its floating rate to take it sub 5%.
ANZ, ASB, Westpac and Kiwibank reduced floating rates by 20 basis points - not the full 25 point cut made by the Reserve Bank.
Meanwhile, BNZ cut its floating rate 15 basis points.
Here is our table sorted on lowest to highest floating rate.
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