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RBNZ Needs to Better Explain Bank-Review Benefits, Treasury Says

  • Lack of cost-benefit analysis creates challenges for feedback
  • Officials say costs to economy are likely to be significant
Reserve Bank of New Zealand Governor Adrian Orr Expects to Keep Rates at Record Low for Two More Years
Photographer: Birgit Krippner/Bloomberg

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New Zealand’s Treasury has backed calls for the Reserve Bank to better explain how the benefits of a proposed increase in bank capital will offset the economic toll of higher borrowing costs and tighter lending.