12 Jul 2022

What can borrowers expect from their banks?

From Nine To Noon, 9:05 am on 12 July 2022
ASB, Westpac, BNZ and ANZ bank signs.

Photo: RNZ / 123rf

Another official cash rate rise is on the cards this week with the Reserve Bank's next decision later this week.

Most economists expect the OCR  to rise by another half a per cent - or 50 basis points.

But it is what the Reserve Bank governor Adrian Orr says about future direction that will be pivotal to what happens to retail lending.

What can mortgage holders expect from their banks? Kathryn discusses with head of banking at KPMG, John Kensington.