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Economics
6 mins to read

Sharp rise in unemployment ‘won’t be comfortable’: Hawkesby

RBNZ deputy governor talks through rising unemployment, stress testing, and inflation after the central bank released its latest six-monthly financial stability report.

WATCH: RBNZ Financial Stability Report.

Brent Edwards Wed, 01 Nov 2023
UPDATE: 

The Reserve Bank has reiterated that the financial system is in good enough shape to cope with a sharp rise in unemployment.

At a news conference after the release of its six-monthly financial stability report, the bank’s Deputy Governor Christian Hawkesby said the bank had stress tested

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Sharp rise in unemployment ‘won’t be comfortable’: Hawkesby
Economics,
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