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New Zealand plans to inject more capital into Kiwibank to boost competition and lower rates, but many government targets lag.
The New Zealand government aims to boost banking competition by providing Kiwibank with more capital, potentially lowering interest rates and challenging major Australian-owned banks.
This follows a Commerce Commission report criticizing the current uncompetitive banking sector.
Despite these plans, over half of the government's targets are behind schedule or at risk.
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Nueva Zelanda planea inyectar más capital en Kiwibank para impulsar la competencia y reducir las tasas, pero muchos objetivos gubernamentales están rezagados.