Dairy loans being closely monitored by banks: RBNZ

Dairy loans being closely monitored by banks: RBNZ
Jenny Ruth
A significant share of dairy loans are being closely monitored by banks, despite above-average dairy commodity prices and reasonable profitability across the sector as a whole, the Reserve Bank says in its latest financial stability report.But the prudential regulator says farmers under stress are unlikely to experience any reduction in financing costs, despite the significant fall in interest rates this year – it has cut its official cash rate from 1.75 percent to 1 percent.While non-performing dairy loans have risen significantly during the p...

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