RBNZ likely to remain sanguine about arrears

Reserve Bank governor Adrian Orr says some short-term pain is necessary to bring down inflation. (Image: BusinessDesk)

Tue, 02 May 2023

The Reserve Bank of New Zealand will likely remain sanguine about increasing pain for mortgage holders in this week’s financial stability report.ASB Bank chief economist, Nick Tuffley said: “We expect that the RBNZ [Reserve Bank of NZ] will reiterate the resilience of the NZ financial system overall but will likely note again that there will be pockets of households and businesses who are under added financial stress,” said The Reserve Bank will release the six-monthly report at 9am on Wednesday.ArrearsData from credit bu...

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