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2 Jun 2025 10:24
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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
     02 Jun: Getting COVID booster alongside flu shot could reduce hospitalisations, study finds
     02 Jun: Business confidence is on the rise in Rotorua, as nationwide tourism trends paint an opposite picture
     01 Jun: Research has revealed insurance is a growing financial burden for New Zealanders
     01 Jun: Nigerian floods kill more than 150, as search for victims continues
     01 Jun: The cost of purchasing a section is on the decline - but the price of building is still making new builds inaccessible
     31 May: Donald Trump announces plans to double steel tariffs to 50pc to 'further secure US steel industry'
     31 May: The boss of Auckland's Eden Park says affordable ticket prices and food options, are part of the puzzle to keeping people coming to games
     Top Stories

    RUGBY RUGBY
    The first season of Fantasy Super Rugby Pacific has officially concluded with inaugural champion Callum Brown from Melbourne holding off a late charge from an Irish challenger to secure the title and the ten thousand dollar first prize More...

    BUSINESS BUSINESS
    Getting COVID booster alongside flu shot could reduce hospitalisations, study finds More...


     Today's News

    		 Golf:
    Sweden's Maja Stark maintains a three-shot lead with three holes to play at the US Women's golf Open major at Erin Hills 10:07

     Motorsports:
    A pit lane decision has cost Liam Lawson a points finish at Formula 1's Spanish Grand Prix 10:07

     Motoring:
    State Highway 29 is closed in Waikato's Matamata, due to powerlines on the road following a crash 10:07

     Tennis:
    Alexei Popyrin bows out tamely at French Open following straight-sets loss to Tommy Paul 9:57

     Cricket:
    Kyle Jamieson's Punjab Kings have locked up a spot in cricket's Indian Premier League T20 final against Bangalore 9:27

     Rugby League:
    The Warriors are sweating on the health of co-captain Mitch Barnett following their 36-30 NRL win over the Rabbitohs in Sydney 8:57

     Motoring:
    F1 Spanish Grand Prix: Oscar Piastri wins ahead of Lando Norris, Max Verstappen crashes into George Russell 8:27

     Politics:
    David Seymour won't be letting his new role stop him from speaking out 8:17

     Business:
    Getting COVID booster alongside flu shot could reduce hospitalisations, study finds 7:57

     Law and Order:
    The Coroner has concluded a six-year-old girl was fatally run over by her neighbour - who panicked and accidentally drove over her a second time 7:57

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