New government's policies may damp migration, housing but NZ economic prospects stable: Moody's

Tue, 31 Oct 2017

By Rebecca Howard Oct. 31 (BusinessDesk) - Moody's Investors Service has retained its stable outlook for New Zealand's banking system and said while potential changes to government policies could have an impact on migration and housing it expects economic prospects and asset quality to remain strong in the next 12-to-18 months. The operating environment will "remain favorable" and the banking system's asset quality will be supported by strong economic conditions, low interest rates and a recovery in milk prices, said Daniel Yu, a Moody's...

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