Risks elevated, but business stress expected to ease next year
Insolvencies have been increasing in the face of tougher economic times, Reserve Bank’s financial stability report shows.
Reserve Bank governor Christian Hawkesby.
The Reserve Bank has warned that risks to financial stability are higher than they have been for some time.
It blames global uncertainty and underperformance in some parts of the New Zealand economy. But Reserve Bank Governor Christian Hawkesby said banks were well placed to deal with the current
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