New zealanders have been feeling the pinch from soaring prices as well as unaffordable housing. Meanwhile the central bank has pledged not to lower the official cash rate from its 15 year high Arthur Grimes from Victoria University of wellington spent a decade as chairman at the Reserve Bank Of New Zealand between 2003 and 2013. There are many priorities for the incoming government. The issue will be the structure of the government as to whether they will be able to do much to tackle the economic problems that are there. At the moment, we dont know and we wont know for another two weeks whether the new Prime Minister will be able to form a governmentjust with the act party, a smaller Libertarian Party or whether they will also need to form a three Party Coalition with new zealand first, essentially a populist pork barrel politics party, and those of the two parties cannot Work Together very coherently on economic policy, so if its going to require a three Party Coalition its going to b
Indian banks increased their overseas presence to 417 in 2022-23, according to a Reserve Bank of India survey. Employee strength also rose by 0.5% and 6.2% for foreign branches and subsidiaries, respectively. However, the number of branches and employees of foreign banks in India contracted to 774. The shift of retail business from a major foreign bank to a domestic private sector bank led to a decline in aggregate deposits and credit, but increased capital and investments.