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Mark Wilkshire: Co-operative Bank CEO on OCR cut

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Manage episode 444265173 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

A bold move from the Reserve Bank as it has decided to cut the Official Cash Rate (OCR) by 50-basis points, from 5.25% to 4.75%.

It's the second cut in a row, after the OCR was lowered in August - which was the first drop since May 2023.

All of the larger banks predicted the rise, but a 25-point drop was thought to be just as likely.

Co-operative Bank Chief Executive Mark Wilshire joins Jack Tame to discuss how this will impact homeowners.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

7912 episodes

Artwork
iconShare
 
Manage episode 444265173 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

A bold move from the Reserve Bank as it has decided to cut the Official Cash Rate (OCR) by 50-basis points, from 5.25% to 4.75%.

It's the second cut in a row, after the OCR was lowered in August - which was the first drop since May 2023.

All of the larger banks predicted the rise, but a 25-point drop was thought to be just as likely.

Co-operative Bank Chief Executive Mark Wilshire joins Jack Tame to discuss how this will impact homeowners.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

7912 episodes

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