House prices driving higher bank risk, warns S&P
One in three chance of sharp correction in next two years, agency says.
NBR staff
Sat, 26 Jun 2021
Soaring house prices are increasing the risks for banks and there is now a 33% probability of a sharp fall in prices in the next two years, says ratings agency Standard & Poor’s.
In an update issued late yesterday, S&P said the risk trend for New Zealand banks had turned negative,
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NBR staff
Sat, 26 Jun 2021
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