Should our banks be doing more to help cover the cost of money printing?

The RBNZ is holding $49 billion dollars of banks' reserves, thanks to all the money printing of 2020.

The problem is, the RBNZ is now having to pay interest on that at the rapidly rising OCR rate.

NZ Herald Wellington business editor Jenee Tibshraeny weighed in on this issue.

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Should our banks be doing more to help cover the cost of money printing?
The RBNZ is holding $49 billion dollars of banks' reserves, thanks to all the money printing of 2020.
The problem is, the RBNZ is now having to pay interest on that at the rapidly rising OCR rate.
NZ Herald Wellington business editor Jenee Tibshraeny weighed in on this issue.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

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