![Kabuki dancing and the great Yes, Minister tradition](https://media.businessdesk.co.nz/file/c_fill,h_393,w_700,q_100/GettyImages-kabuki.webp)
Jenny Ruth: Kabuki dancing and the great Yes, Minister tradition
The exchange of letters between Finance Minister Grant Robertson and Reserve Bank governor Adrian Orr was little more than kabuki dancing.
![RBNZ expects low FLP draw down](https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Geoff-Bascand-RB-Reserve-Bank.webp)
RBNZ expects low FLP draw down
The Reserve Bank expects the biggest impact of its funding-for-lending programme will be on forcing term deposit rates lower.
![Fletcher expects up to a 46% improvement in 1H ebit](https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Ross-Taylor-e.webp)
Fletcher expects up to a 46% improvement in 1H ebit
Fletcher Building investors were treated to an unusually upbeat forecast at the annual meeting but expressed their dissatisfaction through a strong vote against Barbara Chapman's re-election as a director.
![RBNZ: house lending risks threaten financial stability](https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Hobsonville-houses-sold-sign-x.webp)
RBNZ: house lending risks threaten financial stability
The Reserve Bank made no mention in its report of any plans to limit its funding for lending programme.