Source: Reserve Bank of New Zealand
01 May 2024 – New Zealand’s financial system remains strong as it continues to adjust to the higher interest rate environment, Deputy Governor Christian Hawkesby says in releasing the May 2024 Financial Stability Report.
Most mortgage borrowers have now repriced onto higher interest rates as expected, with rising nominal incomes helping many households navigate this transition. However, some are doing it tough and reducing their spending or extending their repayment timelines in order to make
