Rising bank profits highlight tensions between competition watchdogs and central banks
- Written by Richard Meade, Senior Research Fellow, Auckland University of Technology
Getty ImagesWith soaring mortgage rates expected to strain household budgets, there are calls – including from the Reserve Bank of New Zealand – for the Commerce Commission to investigate bank profits.
But rising profits and the widening margin between lending and borrowing rates mean the Reserve Bank is doing its job as much as...
Read more: Rising bank profits highlight tensions between competition watchdogs and central banks
