RBNZ says banks need to keep lending

Wed, 25 Nov 2020

New Zealand's banks need to keep lending to support the economy's recovery and the Reserve Bank will continue to use its monetary policy and regulatory tools to achieve the best outcomes for the economy and financial stability.“Ongoing containment of covid-19, and significant fiscal and monetary support, have ensured that the New Zealand economy has been relatively resilient to the economic shock from the pandemic so far,” said Reserve Bank governor Adrian Orr in releasing the latest financial stability report.“The rel...

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