May
30
RBNZ Says Financial Risks Have Receded as House Inflation Slows
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Central bank releases semi-annual Financial Stability Report
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New Zealand remains vulnerable to offshore risks, RBNZ says
New Zealand’s central bank said risks to the nation’s financial system have receded after house-price inflation slowed and global dairy prices recovered from a slump.
“New Zealand’s financial system remains sound and the risks facing the system have reduced in the past six months,” Reserve Bank Governor Graeme Wheeler said in the bank’s semi-annual Financial Stability Report Wednesday in Wellington. Still, he warned that global uncertainty remains elevated and that New Zealand would be vulnerable if a sharp reversal in risk sentiment drove up borrowing costs for banks…
RBNZ Says Financial Risks Have Receded as House Inflation Slows
