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New Zealand bank funding costs and margins

The Reserve Bank today released an analysis of interest rate margins.

Reserve Bank Governor Alan Bollard said: "We have released this analysis to respond to a number of questions we have received regarding our stance on what room there still is for interest rate cuts.

"The paper notes the Reserve Bank is continuing to talk to the banks to clarify recent trends in their funding costs and margins. We will review these matters further in the Bank's November 2009 Financial Stability Report."

Media contact:
Mike Hannah, Head of Communications,
Ph 04 4713671, 021 497418, [email protected]