RBNZ Dep Gov Bascand says heightened uncertainties remain, COVID-19 still poses risks

Author: Eamonn Sheridan | Category: Central Banks

Reserve Bank of New Zealand Deputy Governor Bascand speaking

  • says to take action as needed to ensure regulated financial institutions' balance sheets are resilient to future stresses in the economy and financial system
  • we remain in a state of heightened uncertainty; covid still poses risks to the economic recovery and we assess that house prices are at an unsustainable level
  • says institutions should avoid being over-exposed to vulnerabilities that could arise from excessive debt in the household or business sectors

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