ZB ZB
Opinion
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

NZ Herald business editor: Should banks have done more to help cover the cost of money printing?

Author
Newstalk ZB,
Publish Date
Wed, 30 Nov 2022, 8:30pm
 Photo / David White.
Photo / David White.

NZ Herald business editor: Should banks have done more to help cover the cost of money printing?

Author
Newstalk ZB,
Publish Date
Wed, 30 Nov 2022, 8:30pm

Should our banks be doing more to help cover the cost of money printing?

The RBNZ is holding $49 billion dollars of banks' reserves, thanks to all the money printing of 2020.

The problem is, the RBNZ is now having to pay interest on that at the rapidly rising OCR rate.

NZ Herald Wellington business editor Jenee Tibshraeny weighed in on this issue.

LISTEN ABOVE

Take your Radio, Podcasts and Music with you