Mortgage News

Housing market still worries Reserve Bank

Wednesday 13th of November 2013

Reserve Bank Governor Graeme Wheeler said, when releasing the bank’s Financial Stability Report this morning, that the New Zealand’s financial system remains sound, and the biggest risk is the housing market.

“Banks are well capitalised and have strengthened their funding base, while non-performing loans continue to decline."

“The main threat to the financial system is the risk as...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.