Bank claims it is the only one passing on full OCR cuts

Thursday 20 November 2025 · 2 outlets · 2 reports · updated Thu 20 Nov 2025, 8:40am

In this story Christopher Luxon, Reserve Bank of New Zealand, ANZ, Westpac, ASB, Kiwibank

The Co-operative Bank says it has passed on the full benefit of official cash rate reductions to floating mortgages. The bank claims it cut floating home loan rates by 3.1 per cent since mid-2024, while other major banks have not matched the full 3 per cent Reserve Bank reduction.

How they headlined it

6:09am8:40am

1. RNZThu 20 Nov 2025, 6:09am

   Which bank says it's the only one to pass on the full official cash rate cut? (opens in new tab)

2. StuffThu 20 Nov 2025, 8:40am

   One bank claims it’s the only one to have passed on the full benefit of OCR cuts (opens in new tab)