Kiwibank boss backs RBNZ’s cheap money programme
Hindsight is 20/20 on Covid relief measures, Jurkovich says.
Kiwibank chief executive Steve Jurkovich has defended a government programme that has allowed it to fund $1 billion in mortgages at a cheap rate.
The $28b Funding for Lending Programme (FLP) allows banks to borrow directly from the Reserve Bank at the official cash rate.
It was launched in
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