UPDATE: RBNZ's Orr sees a 'resilient' financial system but some elevated risks

Tue, 28 May 2019

(Updates story throughout with further details and comment) By Jenny Ruth May 29 (BusinessDesk) - Reserve Bank governor Adrian Orr is less concerned about housing loans but is still fretting about a third of dairy debt and is also flagging the rapid growth in lending to the horticulture sector. “Most dairy farms have been profitable for the past three seasons as dairy prices and production have been good,” Orr’s latest Financial Stability Report says. “But some farms struggle to make profits at current prices, particularly those wit...

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