Reserve Bank of NZ Financial Stability Report:
Risks to the financial system have increased over the past six monthsWhile global economic environment has become more volatile, our financial institutions are in a strong position to support the economyBanks have strong capital and liquidity buffers in place to maintain credit flows even if conditions deteriorate furtherBanks also remain profitable, with non-performing loans expected to decline as mortgage rates reprice lowerGeneral insurers are experiencing more stable conditionsRecent insurance stress test highlighted improved resilience in the sectorGeopolitical risks have heightened financial market volatility and pose a material risk to global economic activityNZD/USD update, down a few tics after its rally on Tuesday:
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