Reserve Bank of New Zealand Financial Stability Report is barely moving NZD/USD:
-
Households and businesses continue to face higher debt servicing
costs - 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