Chris Luxon says banks need to be passing on their OCR cuts to customers - and customers should be switching banks if they don't.

Mortgage rates have been falling significantly, following recent OCR cuts.

But the Reserve Bank says the banks still have room to move, to be cutting the rates further.

The Prime Minister says [told Mike Hosking] banks should be competing for customers, and customers should be trying to get the best deal they can.

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