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Hot Topic Local Govt
Hot Topic Local Govt
General Business
4 mins to read

RBNZ urges banks to keep lending

Deputy governor says bank shareholders should accept lower returns in short term.

Brent Edwards Fri, 31 Jul 2020

The Reserve Bank is urging banks and other financial institutions to keep lending to job-rich sectors of the economy.

Its deputy governor, Geoff Bascand, warned in a speech this morning that if there was a credit crunch on top of the economic crisis, that would be hugely disruptive to the

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Brent Edwards Fri, 31 Jul 2020
Contact the Writer: brent@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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RBNZ urges banks to keep lending
General Business,
84445
true