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Against the backdrop of its record low OCR, the RBNZ suggests the impact on bank profitability of very low interest rates will be neutral and notes countries with negative interest rates have not experienced significant falls in bank profits

Against the backdrop of its record low OCR, the RBNZ suggests the impact on bank profitability of very low interest rates will be neutral and notes countries with negative interest rates have not experienced significant falls in bank profits

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2 Comments

‘Well He Would, Wouldn’t He?’ Did he check the recent course of NIM?

Your headline - Big banks' profits & net interest margins down, cost-to-income ratios up

Has the ECB been helping out Goldman, the big banks, by driving Germany's cooperative, community banks out of business - a takeover of the Mittelstand customer base..Link

What a load of rubbish, low OCR is done to support the banks firstly and a bonus for govt.

Just look at the % difference on credit cards, 21% charged to average Jo and what do the banks borrow at ?

Negative rates are an absolute JOKE......10 years in EUR land and destruction of the BOND market. FAILED

Days to the General Election: 27
See Party Policies here. Party Lists here.