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"We owe it to our rural communities": Nicola Willis says change is needed in the banking sector

Author
Newstalk ZB,
Publish Date
Thu, 13 Jun 2024, 8:50am
Photo / Marty Melville
Photo / Marty Melville

"We owe it to our rural communities": Nicola Willis says change is needed in the banking sector

Author
Newstalk ZB,
Publish Date
Thu, 13 Jun 2024, 8:50am

The Finance Minister says change needs to happen in our banking sector. 

The Government's requested an inquiry into banking competition, particularly in rural banking. 

Nicola Willis says we owe this inquiry to our rural communities, who are vital for the recovery of our economy. 

She told Mike Hosking that she's open to anything, including bringing banks into line and changing legislation to guide the Reserve Bank to do things differently. 

Willis says this issue is at the heart of whether businesses can innovate and expand and if New Zealanders can get affordable lending and services. 

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