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31 Jul 2020
RBNZ's Bascand: Expects ‘some time' before full economic recovery
RBNZ's Bascand expects ‘some time' before full economic recovery.
Other comments
- Time for banks to drawdown prudently on buffers to support customers.
- Shareholders will have to be patient for longer-term payoffs.
- Banking sector must confront long-term low interest rates.