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10 May 2025 8:29
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      Home > News > Business

    Banks will either dip into their profits, or fund out what's due -- in Reserve Bank loans

    Banks will either dip into their profits, or fund out what's due -- in Reserve Bank loans

    9 May 2025
    The five big banks, Kiwibank, BNZ, Westpac, ANZ, and ASB, need to pay back around 9.2 billion dollars in total, from loans under the funding for lending scheme, during covid.

    Infometrics Principal Economist Brad Olsen says banks will be ready to pay these back.

    He explains banks were able to pass the cheap loans on to prevent inflation going too low -- but we did that well and let inflation get too high off the other side...

    © 2025 Newstalk ZB, NZCity


     Other Business News
     09 May: Businessman and convicted sex offender James Wallace has failed in a bid to lift his release conditions
     09 May: The Prime Minister's responding to nationwide protests over the Government's pay equity changes
     09 May: Assurance from the Government, that responding to the Abuse in Care inquiry's been a priority
     09 May: To the financial accounts of New Zealand Rugby..
     09 May: Wellington Airport's recorded a nearly 26-million-dollar profit for the financial year, despite slumping domestic passenger numbers
     08 May: When is the next vote in the conclave? Here's when we will next see smoke from the Sistine Chapel chimney
     08 May: The invasive caulerpa seaweed's gaining ground in Northland - reaching the Bay of Islands' Russell
     Top Stories

    RUGBY RUGBY
    The Blues have continued their late rumble towards a Super Rugby playoff position, earning a bonus point 34-5 win over the Fijian Drua in Suva More...

    BUSINESS BUSINESS
    Businessman and convicted sex offender James Wallace has failed in a bid to lift his release conditions More...


     Today's News

    		 International:
    10 explosions have reportedly been heard in disputed region of Kashmir, as tensions between India and Pakistan continue rising 8:17

     Politics:
    Auckland's War Memorial Museum is closed this weekend 8:07

     Entertainment:
    Robert Francis Prevost has been elected as the new Pope 7:59

     Politics:
    Hamilton's Central Library will under-go building work from August - to replace its damaged facade 7:57

     Basketball:
    Australia's clinched both the men's and women's Trans-Tasman Throwdown basketball series, with comprehensive Game 2 wins over the Tall Black and Tall Ferns on the Sunshine Coast 7:47

     Rugby League:
    Latrell Mitchell has inspired South Sydney to a 22-14 win over the Broncos in Sydney, snapping the Rabbitohs' four-match losing streak 7:47

     Rugby:
    The Blues have continued their late rumble towards a Super Rugby playoff position, earning a bonus point 34-5 win over the Fijian Drua in Suva 7:37

     Soccer:
    Super striker Noah Botic is the talk of the A-League Men after his exceptional hat-trick delivered Western United a 3-2 elimination win over Adelaide United and a semi-final clash with Melbourne City 7:37

     Entertainment:
    Dolly Parton would find it "too hard" to be a judge on reality TV 7:29

     International:
    Political parties in Taiwan recall dozens of MPs just one year after election 7:27

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