Liam Dann: NZ Herald business editor at large on how the banks responded to latest OCR cut - Heather du Plessis-Allan Drive

The Reserve Bank moved to cut the OCR by 50 basis points in its final decision for 2024.

New Zealand's biggest banks have adjusted their floating rates accordingly - but no significant cuts have been reported yet. 

NZ Herald business editor at large Liam Dann explains further.

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