Category: Forex News, News

RBNZ’s Hawkesby says the New Zealand financial system remains strong

Reserve Bank of New Zealand Deputy Governor/General Manager Financial Stability […]

Reserve Bank of New Zealand Deputy Governor/General Manager Financial Stability Hawkesby with the remarks:

I’m not sure where Hawkesby is speaking today.

That last comment is interesting in light of what we heard from ANZ analysts on Friday:

***

RBNZ Governor Orr also crossing the wires:

  • it is concerning that the population is growing so rapidly at a time when residential construction is slowing

Huh. Orr is leaving unsaid that if that demand-supply imbalance forces house prices Up (its hard to see how it could not) the Bank would be forced into another inflation fight … higher rates, for longer.

Reserve Bank of New Zealand Deputy Governor/General Manager Financial Stability Hawkesby in the middle, Governor Orr on the right of the pic.


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