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Economist: Why the banks haven't changed their mortgage rates yet

Author
Newstalk ZB,
Publish Date
Fri, 27 May 2022, 6:13PM
Photo / Getty Images
Photo / Getty Images

Economist: Why the banks haven't changed their mortgage rates yet

Author
Newstalk ZB,
Publish Date
Fri, 27 May 2022, 6:13PM

Apart from Kiwibank, no other bank appears to have changed their mortgage rates.

Kiwibank has changed theirs as a result of the OCR going up on Wednesday.

But why haven’t the other banks followed suit?

Independent economist Tony Alexander joined Heather du Plessis-Allan.

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