August 10, 2022
Reserve Bank probes Māori access to capital
Reserve Bank Governor Adrian Orr says uncovering barriers for Māori business was a key step in unlocking the potential of the New Zealand economy.
The bank is seeking feedback on its issues paper Improving Māori Access to Capital.
Mr Orr says the bank’s mandate requires it to consider where it can encourage new investment and financial innovation.
The Māori economy is one such area of productive potential.
He says the unique nature of some Māori economic activity puts tangata whenua at risk of missing the full benefits of the financial system and carrying unrewarded risk and cost.
Negative outcomes could include rising exclusion, inequality, and the degradation of general wellbeing.
He says no one needs to be worse off from a growing Māori economy.