Reserve Bank: 'Some areas of concern are emerging'

New Zealanders tend to have higher levels of personal debt than many countries, says the Reserve Bank. (Image: Getty)

Mon, 30 Oct 2023

The full impact of higher interest rates on advanced economies’ financial systems is yet to be seen, but “some areas of concern are emerging”, the Reserve Bank of New Zealand (RBNZ) says. The central bank has pre-released another extract from its upcoming Financial Stability Report being released this week, which said advanced financial systems had been largely resilient to risks from a higher interest rate environment.The RBNZ's director of financial stability assessment and strategy, Kerry Watt, said globally core i...

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