Banks are flush and part of post-Covid solution, says RBNZ
Geoff Bascand says more certainty will give banks confidence to lend that cash out.
Brent Edwards
Thu, 28 May 2020
Hot Topic
Local Govt
In the middle of the economic crisis caused by the Covid-19 pandemic, banks are flush with cash.
While financial institutions were the cause of the global financial crisis, this time around they are seen as part of the solution.
In its May Financial stability report, released yesterday, the
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Brent Edwards
Thu, 28 May 2020
Contact the Writer: brent@nbr.co.nz
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Banks are flush and part of post-Covid solution, says RBNZ
Politics,
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