Financial system strong but interest rates to test resilience
The Reserve Bank warns the number of house owners in negative equity will continue to grow as house prices fall.
The Reserve Bank released its November Financial Stability Report today.
Banks are in a good position to weather difficult economic times, but the Reserve Bank warns rising interest rates will test New Zealand’s financial resilience.
In releasing its November Financial Stability Report today, Reserve Bank governor Adrian Orr said some households and businesses would be
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