RBNZ’s Hawkesby agrees more banking competition ‘desirable’
The central bank published its submission to Parliament’s select committee inquiry into banking competition today.
The Big Four may one day have a fifth big competitive player – Kiwibank.
The Reserve Bank of New Zealand agrees a more competitive banking sector is “desirable” for consumers – including in rural and business lending.
Last month, Parliament’s Finance and Expenditure Select Committee opened submissions into its own wide-ranging inquiry into banking competition,
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