How do the banks win ?
Lower interest rates usually means tighter margins for banks.

Quote Originally Posted by winner69 View Post
Banks celebrating their win today, even better news for them as no mention of any future increases but more cuts likely

As foreign wholesale funding rates creep up (ie higher costs for local banks) they now every excuse to screw NZ depositors even more to make up the shortfall.

Well done Cam Bagrie et al, you have done a good job for your bosses.