This seems like a very important point. My impression was that an important factor has been the RBNZ wanting a higher level of retained surplus and the banks resisting.
This seems like a very important point. My impression was that an important factor has been the RBNZ wanting a higher level of retained surplus and the banks resisting.
This seems like a very important point. My impression was that an important factor has been the RBNZ wanting a higher level of retained surplus and the banks resisting.
That is true, which is why the Reserve Bank has been cautious, and why I think we saw the LVR loosening a couple of weeks ago.