COMMENT:

The Reserve Bank's battle with the big four Australian banks over proposed capital hikes was the clear elephant in the room during Jacinda Ardern's meeting with Scott Morrison — but she made a great pretence of not seeing it.

Instead, she spent much time in a media stand-up after their bilateral meeting on the vexed criminal deportees issue, making a virtue of raising it in the face of implacable opposition from both the Australian Prime Minister and Labor leader Anthony Albanese.

But when it came to the single biggest issue with the capacity to throw a large spanner into

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