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