RBNZ: house lending risks threaten financial stability

Wed, 25 Nov 2020

At the same time as urging New Zealand's banks to continue lending the Reserve Bank has said growing house lending risks present longer-term threats to financial stability.In its latest six-monthly financial stability report, the RBNZ said that while banks maintained their appetites to lend to existing customers, they have "reduced their appetites to lend to new customers and some sectors that have been more heavily affected by covid-19."To help ensure bank capital levels are sufficient to support lending, the RBNZ decided to keep...

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