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27 May 2020
RBNZ Financial Stability Report: In a solid position to both weather the significant economic impact caused by the COVID-19
The Reserve Bank of New Zealand (RBNZ) Financial Stability Report is out as follows:
RBNZ Financial Stability Report
- RESERVE BANK OF NEW ZEALAND SAYS FINANCIAL SYSTEM WILL BENEFIT SUPPORTING ECONOMIC RECOVERY
- RBNZ SAYS FINANCIAL SYSTEM IS IN A SOLID POSITION TO BOTH WEATHER THE SIGNIFICANT ECONOMIC IMPACT CAUSED BY THE COVID-19
- RBNZ SAYS WORKING ON A NUMBER OF INITIATIVES TO SUPPORT THE FLOW OF LENDING AND FUNCTIONING OF THE FINANCIAL SYSTEM
- RBNZ SAYS CONTINUING TO WORK WITH INSURERS TO SEE THEM MAINTAIN A STRONG FOCUS ON LONG-TERM CUSTOMER OUTCOMES
More to come...
NZD/USD has been one of the best performers, capitalising on the weakness on the USD and risk-on markets. More to come...
The description of the Financial Stability Report
The Financial Stability Report, released by Reserve Bank of New Zealand, is published six-monthly. In the Financial Stability Report we assess and report on the soundness and efficiency of the New Zealand financial system.