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Does the Minister agree with the Minister of Finance that New Zealand banking competition "resembles a cosy pillow fight, with profit margins coming first and everyday Kiwis coming second”?

Answered Question 16841 (2026)
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Asked by

Arena Williams

Member for Manurewa · Labour Party

Question

  • Does the Minister agree with the Minister of Finance that New Zealand banking competition "resembles a cosy pillow fight, with profit margins coming first and everyday Kiwis coming second”?

Answered by

Cameron Brewer

Member for Upper Harbour · National Party · Minister of Commerce and Consumer Affairs

Answer

Yes.