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flag New Zealand plans to inject more capital into Kiwibank to boost competition and lower rates, but many government targets lag.

flag 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. flag This follows a Commerce Commission report criticizing the current uncompetitive banking sector. flag Despite these plans, over half of the government's targets are behind schedule or at risk.

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