Grant Robertson moves further into Reserve Bank sphere with eye on wider government objectives
22 Apr, 2021 06:00 AM
4 minutes to read
The Government surprised the banking sector by announcing it plans to give the Finance Minister new powers to influence how the Reserve Bank limits lending. Photo / Mark Mitchell
The Government surprised the banking sector by announcing it plans to give the Finance Minister new powers to influence how the Reserve Bank limits lending. Photo / Mark Mitchell
The Minister of Finance is poised to gain new powers over bank lending, with economists warning the surprise move challenges the Reserve Bank s independence. On Thursday the Government revealed decisions on a long-signalled deposit insurance