House prices driving higher bank risk, warns S&P
One in three chance of sharp correction in next two years, agency says.
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
Sat, 26 Jun 2021
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House prices driving higher bank risk, warns S&P
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