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Christian Hawkesby: Reserve Bank Deputy Governor on their decision to push against Commerce Commission proposal

Publish Date
Tue, 23 Apr 2024, 7:00pm
Photo / File
Photo / File

Christian Hawkesby: Reserve Bank Deputy Governor on their decision to push against Commerce Commission proposal

Publish Date
Tue, 23 Apr 2024, 7:00pm

The Reserve Bank of New Zealand is pushing back at a proposal by the Commerce Commission to increase competition in the banking sector.

The Commerce Commission has made multiple suggestions, including asking the Reserve Bank to tolerate more risk so that smaller banks and lenders have a chance to add competition in the market. 

Reserve Bank Deputy Governor Christian Hawkesby spoke with Heather du Plessis-Allan about the decision. 

 

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