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10 May 2025 7:43
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      Home > News > Business

    Banks will either dip into their profits, or fund out what's due -- in Reserve Bank loans

    Banks will either dip into their profits, or fund out what's due -- in Reserve Bank loans

    9 May 2025
    The five big banks, Kiwibank, BNZ, Westpac, ANZ, and ASB, need to pay back around 9.2 billion dollars in total, from loans under the funding for lending scheme, during covid.

    Infometrics Principal Economist Brad Olsen says banks will be ready to pay these back.

    He explains banks were able to pass the cheap loans on to prevent inflation going too low -- but we did that well and let inflation get too high off the other side...

    © 2025 Newstalk ZB, NZCity


     Other Business News
     09 May: Businessman and convicted sex offender James Wallace has failed in a bid to lift his release conditions
     09 May: The Prime Minister's responding to nationwide protests over the Government's pay equity changes
     09 May: Assurance from the Government, that responding to the Abuse in Care inquiry's been a priority
     09 May: To the financial accounts of New Zealand Rugby..
     09 May: Wellington Airport's recorded a nearly 26-million-dollar profit for the financial year, despite slumping domestic passenger numbers
     08 May: When is the next vote in the conclave? Here's when we will next see smoke from the Sistine Chapel chimney
     08 May: The invasive caulerpa seaweed's gaining ground in Northland - reaching the Bay of Islands' Russell
     Top Stories

    RUGBY RUGBY
    The Blues have continued their late rumble towards a Super Rugby playoff position, earning a bonus point 34-5 win over the Fijian Drua in Suva More...

    BUSINESS BUSINESS
    Businessman and convicted sex offender James Wallace has failed in a bid to lift his release conditions More...


     Today's News

    		 Rugby:
    The Blues have continued their late rumble towards a Super Rugby playoff position, earning a bonus point 34-5 win over the Fijian Drua in Suva 7:37

     Entertainment:
    Dolly Parton would find it "too hard" to be a judge on reality TV 7:29

     International:
    Political parties in Taiwan recall dozens of MPs just one year after election 7:27

     Golf:
    Kiwi golfer Dame Lydia Ko is in a tie for seventh at the Americas Open in New Jersey, just three shots off the clubhouse leader after shooting a second round two-under par 70 7:27

     Rugby League:
    South Sydney's broken a four-game NRL losing streak by beating the Brisbane Broncos 22-14 in Sydney 7:17

     Living & Travel:
    The Catholic Church had always resisted a North American pope. Is Leo XIV the anti-Trump? 7:17

     Entertainment:
    Kylie Kelce finds it "very charming" that Jason Kelce struggled to date before he met her 6:59

     Entertainment:
    Nicole Scherzinger's "heart was full" when she received her first Tony Award nomination 6:29

     Environment:
    State Highway 29 at the Kaimai Ranges in the Bay of Plenty has been closed between Te Poi and Tauriko because of a landslip 6:16

     Entertainment:
    Blake Shelton's relationship with Gwen Stefani "still feels new" 21:59

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