BNZ to Reserve Bank – naff off

Fran O’Sullivan writes about how the BNZ is not only failing to heed the requests from the Reserve Bank to reduce household debt, but is taking an ultra-assertive stance with their staff being encouraged to push loans even at Xmas Parties and summer BBQs!

I think the Reserve Bank has a problem. It failed to act when it needed to, to keep inflation low, and now that it is over 3%, it is being ignored by the banks (which is their right).