Banks pass on more OCR increase to borrowers than savers, FMA data shows
2 sources·Updated September 15, 2026
Covered by 2 sources
- NZ Herald Business·6h agoInterest rates: Banks pass on more OCR increase to borrowers than savers, FMA data show
Variable mortgage rates rose by the full OCR rise, while savings rates lagged.
Read at NZ Herald Business → - RNZ Business NZ·9h agoBanks pass on more OCR increase to borrowers than savers, FMA data shows
New data from the Financial Markets Authority shows that home loan borrowers on variable interest rates have felt the full impact of the most recent official cash rate increase - but savers have not.
Read at RNZ Business NZ →
