Banks are being criticised for being too slow to pass on the benefits of lower Official Cash Rates to customers, by lowering their floating rates.
The Northern Employers & Manufacturers Association says banks should lower their floating rates to help customers in tough times.
The Reserve Bank cut the Official Cash Rate to 7.5% on 11 September and lowered it again to 6.5% on 23 October, but retail floating rates have been static.
The association says businesses are hurting and banks should be trying to help them.
Fixed mortgage rates have been lowered by banks since the Reserve Bank drop.
The OCR was previously 8.25% until it was lowered to 8% on 24 July.
