RBNZ Financial Stability Report stated New Zealand’s financial system remains strong and rising nominal incomes are helping many households navigate transition onto higher interest rates
Says:
- Some are doing it tough and reducing their spending or extending their repayment timelines.
- While non-performing loans to businesses have increased, they remain low by historical standards.
- Near-term risks to the agricultural sector have also eased following the recent recovery in dairy prices.
- There remains a risk that new or persistent inflation pressures could mean global interest rates remain restrictive for longer.
30 Apr 2024 - 22:04- Important- Source: Newswires
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