Finance Minister Grant Robertson on why he needs more powers

Finance Minister Grant Robertson on why he needs more powers to restrict bank lending


Finance Minister Grant Robertson on why he needs more powers to restrict bank lending
26 Apr, 2021 05:00 PM
4 minutes to read
Finance Minister Grant Robertson says a greater role in setting lending restrictions would enable more influence on "distributional trade-offs and societal preferences". Photo / Mark Mitchell
Finance Minister Grant Robertson says a greater role in setting lending restrictions would enable more influence on "distributional trade-offs and societal preferences". Photo / Mark Mitchell
Derek Cheng is a political reporter for the New Zealand Heraldderek.cheng@nzme.co.nz
Greater powers for the Finance Minister to restrict lending could reduce confidence in the Reserve Bank, blur lines of accountability, and lead to inconsistent decision-making, Grant Robertson concedes.

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