Bernard Hickey on Radio NZ Nine to Noon about interest rates

Bernard Hickey talks to Kathryn Ryan on Radio NZ National's Nine to Noon about interest rates in the wake of the Reserve Bank's comments that floating mortgage rates were too high. He says another option for the government to put pressure on the major banks would be to pump extra capital into Kiwibank to allow it to push rates in the market lower. He also says customers can pressure the banks by moving from floating rates, where they seem to be paying 'too much', to fixed rates, where the banks appear to be undercharging, according to the Reserve Bank.