Interest rates and banks
Yesterday Andrew Little criticised the banks’ failure to pass on the cut in Official Cash Rate (OCR) to we the people via mortgage / interest rate cuts. Naturally the political right went ballistic.
Yesterday Andrew Little criticised the banks’ failure to pass on the cut in Official Cash Rate (OCR) to we the people via mortgage / interest rate cuts. Naturally the political right went ballistic.
A term made up by the usual suspects to mock and belittle any criticism of their primary asset.
It’s understandable that the right wingers, feeling a bit punch drunk from the factional succession squabble going on in National, would try and distract attention by spreading some mischievous rumors. Good to see them officially laid to rest.