RBNZ's Bascand: Bank's plan on bank capital could lower govt borrowing costs

Reserve Bank of New Zealand (RBNZ) Deputy Governor Bascand was on the wires last hour, via Reuters, noting that the bank's plan on bank capital could lower government borrowing costs.

Last week, the Kiwi was sold-off into Bascand rate cut hints after he said that the rise in bank capital could lead to eventual rate cut.