An interesting interview on the AM show from Kiwibank CEO.
Discussion starts about 1min in. He talks about swap rates coming down around 0.3 after the announcement on Wednesday, which is a big move in a day. The decisions haven't been made yet, but he is expecting some of this will get passed on to customers.
Sounds like the rates might only come down a tiny bit if they do (say 0.2-0.3), but could be useful info for anyone who is renewing in the next week or so.
Discussion starts about 1min in. He talks about swap rates coming down around 0.3 after the announcement on Wednesday, which is a big move in a day. The decisions haven't been made yet, but he is expecting some of this will get passed on to customers.
Sounds like the rates might only come down a tiny bit if they do (say 0.2-0.3), but could be useful info for anyone who is renewing in the next week or so.