IMF cautions Govt against pushing back too hard against RBNZ

(Image: NZME)

Wed, 12 Mar 2025

The International Monetary Fund (IMF) is cautioning the Government against bending over backwards and deregulating banks in a bid to spur more competition in the sector.Finance Minister Nicola Willis is getting advice on whether she should make the Reserve Bank of New Zealand (RBNZ) loosen the way it regulates banks.She is receptive to what the banks are telling her – that if they can hold less capital, they’d be able to lower their interest rates a little and possibly lend more to businesses.The Commerce Commission has al...

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