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No major impact on farmers from new bank capital requirements, RBNZ says

But the governor admits not every heavily indebted farm will survive.

Brent Edwards Wed, 04 Dec 2019

The Reserve Bank concedes that not every heavily indebted dairy farm is going to survive.

Bank governor Adrian Orr and his officials appeared before Parliament’s Finance and expenditure select committee today to talk about last week’s Financial stability report.

That report found that

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Brent Edwards Wed, 04 Dec 2019
Contact the Writer: brent@nbr.co.nz
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No major impact on farmers from new bank capital requirements, RBNZ says
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