Given the many positive features of New Zealand’s economic and institutional structures, foreign savers have remained prepared to invest in New Zealand. In part we choose to access global savings because of the relatively small scale of New Zealand’s capital demands compared to the global pool.
This process is not prescriptive, but it helps bring to light important issues such as the sustainability of banks’ business models in a low rate environment, and their operating costs in comparison with their peers, which in some countries are a contributing factor to low profitability. Conclusion Let me conclude.