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NZ central bank says risks to financial stability increasing

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New Zealand's financial system remains resilient but risks to the financial stability outlook have increased in the past six months, the central bank said Wednesday.

[WELLINGTON] New Zealand's financial system remains resilient but risks to the financial stability outlook have increased in the past six months, the central bank said Wednesday.

The outlook for the global economy has deteriorated, dairy prices remain low and imbalances in the housing market continue to increase, the Reserve Bank of New Zealand (RBNZ) said in its six-monthly financial stability report.

"The Reserve Bank is closely monitoring developments to assess whether further financial policy measures would be appropriate," it said.

REUTERS