Willis urges banks to pass on official cash rate cuts
Thursday 27 November 2025 · 2 outlets · 2 reports · updated In this story Nicola Willis, Reserve Bank of New Zealand
Finance Minister Nicola Willis has called on banks to reduce home loan rates following the Reserve Bank's decision to cut the official cash rate to 2.25 per cent. Banks began lowering floating rates on Wednesday after the 25 basis point reduction.
How they headlined it
More on Home loan rates and OCR pass-through
- Major banks increase some fixed home loan interest rates
- ANZ increases multiple fixed-term home loan rates
- Reserve Bank Governor says market tightening exceeded intended levels
- Finance Minister urges mortgage holders to shop around after Westpac rate hike
- Banks do not pass on official cash rate cut to customers
