Articles tagged IMF

Updated

The IMF suggests the Reserve Bank adopt a debt-to-income limit to reduce the risks from a still-heavily indebted household sector. Thomas Coughlan reports.

Kerry McDonald, a former chair of the BNZ and former National Australia Bank director, argues the current system designed to protect depositors in New Zealand’s big four banks is fundamentally flawed. He cites weak local governance by both the banks' boards and the Reserve Bank, and an unfair system that penalises local savers in any crisis. Like the IMF, McDonald is calling for tougher Reserve Bank regulation and reform of protections for savers.

For the convenience of subscribers, here's my weekend column on initial signs the Living Wage campaign is working to help companies and the economy alike.