News | Politics
3 Jul 2020 11:14
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  •   Home > News > Politics

    A think-tank says New Zealanders should be able to have their say on a move which will raise the cost of lending

    A think-tank says New Zealanders should be able to have their say on a move which will raise the cost of lending


    The Reserve Bank has decided banks should hold higher levels of capital

    They will have to raise around 20 billion dollars to meet the tough new safety requirements.

    New Zealand Initiative chair Roger Partridge says he wants the consultation re-opened.

    He says New Zealanders deserve to know whether the benefits are worth the cost that will be imposed on the economy.

    © 2020 Newstalk ZB, NZCity


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     02 Jul: Reassurances the United States can't stop us from accessing medication
     02 Jul: Simon Bridges is going up against Winston Peters on foreign affairs
     02 Jul: Government Infrastructure funding will help put victims at ease in the Wellington District Court
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