New Zealand banks are being asked to pay up in the next few months. 

Kiwibank, BNZ, Westpac, ANZ and ASB will need to repay around $9.2 billion in cheap Covid-era loans to the Reserve Bank. 

Infometrics Principal Economist Brad Olsen told Mike Hosking that they have variety of options they can use to repay the money. 

He says the banks knew when taking out these loans they’d have to pay them back eventually. 

Olsen told Hosking that if they’re not ready to pay them back, they probably don’t qualify to be called bankers at this point.  

LISTEN ABOVE 

New Zealand banks are being asked to pay up in the next few months.&nbsp;
Kiwibank, BNZ, Westpac, ANZ and ASB will need to repay around $9.2 billion in cheap Covid-era loans to the Reserve Bank.&nbsp;
Infometrics Principal Economist Brad Olsen told Mike Hosking that they have variety of options they can use to repay the money.&nbsp;
He says the banks knew when taking out these loans they’d have to pay them back eventually.&nbsp;
Olsen told Hosking that if they’re not ready to pay them back, they probably don’t qualify to be called bankers at this point. &nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Brad Olsen: Infometrics Principal Economist on banks needing to repay $9.2 billion in Covid-era loans to the Reserve Bank

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0334e767-4780-4e7e-acb7-b2d70153858d/transcript