IMF set to criticise RBNZ

The IMF is expected to criticise the Reserve Bank of New Zealand when it visits New Zealand in November. The IMF is expected to be critical because the RBNZ has little control of banks. Most are foreign-owned by big Australian banks.

Source: Reuters

The International Monetary Fund is expected to "cane the Reserve Bank of New Zealand quite badly" when it visits New Zealand in November, banking sources say.

The IMF is expected to be critical because the central bank has little control of banks he