Adrian will slash the rate this week or next to half a per cent. This country is a cash cow for the four Aussy banks, the two supermarkets in the duopoly, and the fuel companies. Shell found the pickings a bit lean, BP and Mobil plus the independents were cranking up the discounts, exit stage left, and Infratil with the ownership now are struggling a bit at the moment. Bit different for them cos the shareholders are in NZ, not in Europe UK or US. Most of the Z stations are looking a bit shabby, at least in the South Island. Only just hanging onto the lead in market share. Bit the same for the banks, ANZ are feeling the heat, BNZ is hunting for new owners, Westpac have been told they did it wrong a few years back with offshore loan rates applied to the ag sector, a spanking coming to them soon, moreso cos the Reserve Bank has changed the rules, increasing the working capital / equity ratios they must carry by about $20 billion.So both the depositors (next to nothing for interest rates) and borrowers (the extra percent) for mortgages are paying for it.