Statement In Response To Comments From Minister Of Education
We were disappointed to read Hon Trevor Mallard’s comments today regarding our Chief Economist’s analysis of the Labour
Party’s proposed policy regarding student loans.
Westpac Economics provides economic analysis and commentary for a target audience of Westpac customers who are active in
the financial markets. Issues that are covered are those that our economists consider are likely to have an economic or
financial impact, including proposed fiscal policy. In the case of the proposed student loans policy the cost analysis
was positioned to calculate the extreme worst-case fiscal costs.
We maintain a policy of editorial independence for our economists to preserve the integrity of their analysis. We can
assure you the commentary is independent of any other bank interest.
ENDS.