New Zealand's financial system remains resilient amid global economic challenges, says Reserve Bank.

New Zealand's financial system has demonstrated resilience during the global economic downturn, as reported in the Reserve Bank's November 2024 Financial Stability Report. Despite rising unemployment and financial pressures on households, banks are well-prepared for potential loan defaults. Interest rates are declining, easing mortgage costs. While house prices have fluctuated, the overall stability of the financial system supports economic growth amid ongoing uncertainties.

November 04, 2024
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