Today news
About the same in other media
17.05 - 17:11
New Zealand Economy Well Placed to Handle Surge in Rates, RBNZ Says
Reading now: 986
wsj.comSYDNEY—New Zealand’s financial system is well placed to handle rising interest rates and uncertainty in the international financial system, the Reserve Bank of New Zealand said in its latest report card on financial stability. New Zealand households are facing increased debt servicing costs due to rising interest rates, but levels of loan default are low, RBNZ Governor Adrian Orr said in a statement.
“To date there have been limited signs of distress in banks’ lending portfolios, with only a small share of borrowers falling behind on their payments,” Mr. Orr said.
“This reflects the ongoing strength of the labor market...
. Read more on wsj.comAbout this in other media
How to fly economy class but feel like you’re in business theguardian.com /11 months ago
‘Snoring is perfectly natural’: testing Air New Zealand’s world first sleep pods theguardian.com /1 year ago
Fiat-backed stablecoins could be used to post bail in New York under proposed bill cointelegraph.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
