But in the case of bank mergers, the Competition Commission’s powers are qualified further with the provision that the Minister of Finance is, if he deems it to be in the public interest, entitled to assert jurisdiction over these transactions.
The good news is that all this is happening before economies reach the limits of their production capacity, and before inflation takes off and inflation expectations start to rise. That bodes well for sustained economic growth without the credit crunches or accelerating inflation that occurred in earlier global business cycles.