Rural sector sustainable mainstay, needs bank support

Wed, 22 Apr 2020

The rural sector “will again emerge as being the sustainable mainstay for the NZ economy, without the vulnerability evident in the tourism sector,” said Real Estate Institute of New Zealand rural spokesman Brian Peacocke.Drought conditions aside, “morale within the rural community in general terms appears to be good,” he said.He noted, however, this mood “will be significantly enhanced if the banking sector, aided by a relaxation of Reserve Bank criteria for the building of capital reserves, adopts a more pragmatic...

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