RBNZ Financial Stability report flags dairy prices, labour market as risks

Reserve Bank of New Zealand Financial Stability Report is barely moving NZD/USD:

  • Households and businesses continue to face higher debt servicing
  • Key risk to
    financial stability would be a significant deterioration in the
    labour market
  • A prolonged downturn
    in dairy prices could see a material pickup in loan losses for banks.
  • Financial system
    still adjusting to higher rates
  • Banking system well
    placed to handle external shocks
  • Banks preparing for
    deterioration in asset quality

This article was written by Eamonn Sheridan at www.forexlive.com. Source