Blending Programme News Today

Banks may have profited by $2b on customer call accounts through RBNZ using settlement accounts for its LSAP programme, consultant tells Commerce Commission

RBNZ mulls giving non-bank deposit takers access to settlement accounts so they don't have to go through the big banks who get the financial benefit

The state-owned bank continues to enjoy relatively cheap RBNZ funding.

The Indian government has set the Fair and Remunerative Price (FRP) for sugarcane at 315 rupees per quintal, with more than a 100% margin, meaning farmers will receive high returns. The FRP functions as a benchmark below which sugarcane cannot be bought by sugar factories; it reduces farmers payments and ensures competitiveness in the sugar industry.

Treasury and Inland Revenue warned of 'unintended consequences'.

Gareth Vaughan argues borrowers who bought their first home in 2020-21 face being let down by the system

The Reserve Bank explains how broad money is created through the bank lending process, and explains the constraints on its creation. But their broader purpose is achieve low and stable inflation and support employment near its maximum sustainable level

KPMG suggests ongoing record bank profits could be a thing of the past, at least for now

Could, or should, the RBNZ cut the interest rate it pays on banks' settlement cash accounts in order to reduce the Government's interest bill?

Why the RBNZ doesn't want anything to do with an effective bank tax.