Forcing banks to offer services in small towns was always a non-starter

Dr Eric Crampton
Newsroom
4 August, 2026

Sometimes, a consultation process makes me wonder just how the consultation document got out of the door in the first place.

Submissions closed last week on the Reserve Bank’s Keeping Cash Local consultation process. It was a strange proposal, with a stranger process.

Let’s start with the underlying problem before getting to the Bank’s strange consultation.

To read the article on the Newsroom website, click here.

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