NZ financial system sound as Auckland housing, dairy risks grow, RBNZ says

Tue, 10 Nov 2015

By Paul McBeth Nov. 11 (BusinessDesk) - New Zealand's banking system remains in good health, even as a heavily indebted dairy sector and continued heat in the Auckland property market pose greater risks to the nation's lenders, according to the Reserve Bank's six-monthly update. This year's slump in dairy prices has increased stress on dairy farmers' balance sheets while Auckland's housing market has continued to accelerate in the face of regulatory curbs, increasing the risks facing bankers' loan books, the central bank's financial stabi...

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