Savers should be spared slashed rates following anticipated OCR cut
Most economists are now picking a 25 basis point cut to the official cash rate next Thursday, with the market pricing in a 94% chance of a cut. With special feature audio.
Kiwi savers shouldn’t be too alarmed by the prospect of the Reserve Bank cutting interest rates next week, an expert says.
According to Massey University associate professor David Tripe, it’s unlikely deposit rates will be dramatically slashed by retail banks passing on a full 0.25% cut.
Most
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Smartphone Only Annual Subscription
NZ$299.00 / yearly
Monthly Premium Online Subscription
NZ$49.95 / monthly
Smartphone Only Subscription
NZ$29.95 / monthly
Premium Group Membership 10 Users
NZ$385+GST / monthly
$38.5 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$660+GST / monthly
$33 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1375+GST / monthly
$27.5 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$2100+GST / monthly
$21 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Jason Walls
Fri, 05 Aug 2016
Fri, 05 Aug 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Savers should be spared slashed rates following anticipated OCR cut
60531