News

News and campaign updates from the team at
Positive Money New Zealand.

Why we need more banks, not bigger ones

Why we need more banks, not bigger ones

Our biggest problem is that we need more banks, not bigger banks. Setting Kiwibank on an expansion path to join the ‘oligopoly’ won’t change the underlying problem – it simply means that five banks will share 90 per cent of the market instead of four.

Positive Money submission highlights concerns with new debt-to-income ratios

Positive Money submission highlights concerns with new debt-to-income ratios

Positive Money has put in a submission on the Reserve Bank’s planned introduction debt-to-income ratios (DTIs). While we strongly support this long-overdue policy, we raised several concerns about its proposed implementation.

Chief among our concerns is the Bank’s evident watering down of the settings so that the ease of getting a mortgage will be little changed in most situations and investors will have a big advantage over owner-occupiers. Without changes, this could be a missed opportunity to fix the housing market.

Funding option for harbour tunnels overlooked

Funding option for harbour tunnels overlooked

The Prime Minister says that all funding options will be considered for the three proposed Auckland Harbour tunnels. But the option that entails no tolling, borrowing or public-private partnerships is being ignored. Our Reserve Bank could create the money in much the...

Budget 2023 another missed opportunity

Budget 2023 another missed opportunity

Our 2023 “no frills” or “no thrills” budget is yet another missed opportunity that will consign the country to more debt. Few can argue against the need to fund infrastructure and resilience ($6 billion) and public housing ($3 billion) but the downside is that other...

Our Submission to Future of Money – Private Innovation

Our Submission to Future of Money – Private Innovation

The Reserve Bank called for submissions to its proposed approach to new forms of private money such as cryptoassets, including stablecoins. It is part of its work on the Future of Money. You can find more about its proposals around Private Innovation. Here's a link to...

Funding for the Cyclone Gabrielle clean-up

Funding for the Cyclone Gabrielle clean-up

The clean-up bill for Cyclone Gabrielle will be way in excess of the $14 million promised by our Prime Minister and much of the financial burden may well fall on hard pressed councils.  Councils are already struggling under the weight of the devastation caused by...

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