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.

Rumours just the usual mischief

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.