There's support for the Reserve Bank's new Funding for Lending Programme -- from banks and investors alike
There's support for the Reserve Bank's new Funding for Lending Programme -- from banks and investors alike
12 November 2020
The scheme aims to lower interest costs, by offering cheap funding to banks in early December.
Kiwibank chief economist Jarrod Kerr says the programme's something he's been pushing for since March.
He says banks can access cheaper funding, and lend it to people wanting to buy a home, or businesses who want to expand.
Financial markets are also responding well to the decision.
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