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The RBNZ's latest FSR was released earlier.....>

RBNZ
RBNZ: The RBNZ's latest FSR was released earlier today, key points below:
- The New Zealand financial system remains resilient to a broad range of
economic risks. However, financial system risks remain elevated, and ongoing
effort is necessary to bolster system soundness and efficiency.
- The Reserve Bank's loan-to-value ratio (LVR) restrictions have been successful
in reducing some of the risk associated with high household indebtedness. The
current LVR settings remain appropriate for now, with any further easing subject
to continuing subdued growth in credit and house prices and banks maintaining
prudent lending standards.
- Link Below:
-
https://www.rbnz.govt.nz/news/2019/05/work-required-to-achieve-financial-resilie
nce
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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