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
6 December 2019
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.
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