RBNZ Financial Stability Report: In a solid position to both weather the significant economic impact caused by the COVID-19

The Reserve Bank of New Zealand (RBNZ) Financial Stability Report is out as follows: 

RBNZ Financial Stability Report

• RESERVE BANK OF NEW ZEALAND SAYS FINANCIAL SYSTEM WILL BENEFIT SUPPORTING ECONOMIC RECOVERY
• RBNZ SAYS FINANCIAL SYSTEM IS IN A SOLID POSITION TO BOTH WEATHER THE SIGNIFICANT ECONOMIC IMPACT CAUSED BY THE COVID-19
• RBNZ SAYS WORKING ON A NUMBER OF INITIATIVES TO SUPPORT THE FLOW OF LENDING AND FUNCTIONING OF THE FINANCIAL SYSTEM
• RBNZ SAYS CONTINUING TO WORK WITH INSURERS TO SEE THEM MAINTAIN A STRONG FOCUS ON LONG-TERM CUSTOMER OUTCOMES

More to come...

NZD/USD has been one of the best performers, capitalising on the weakness on the USD and risk-on markets. More to come...

The description of the Financial Stability Report

The Financial Stability Report, released by Reserve Bank of New Zealand, is published six-monthly. In the Financial Stability Report we assess and report on the soundness and efficiency of the New Zealand financial system.