Financial system would remain resilient even if house prices plunged
Stress testing showed banks could weather a 40% drop in house prices and 12% unemployment.
Brent Edwards
Wed, 04 May 2022
A 30% fall in house prices would push 10% of mortgage holders into negative equity but most would be able to ride out the storm.
In its six-monthly financial stability report released today, the Reserve Bank has confirmed it remains confident about the resilience of the financial system, even in
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Brent Edwards
Wed, 04 May 2022
Contact the Writer: brent@nbr.co.nz
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Financial system would remain resilient even if house prices plunged
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