Reserve Bank of New Zealand
New Zealand to reopen ESAS applications in September
New Zealand to reopen ESAS applications in September
It is open to payment service providers, overseas deposit takers, and designated FMI operators.
NZ banks have ‘strong capital and liquidity buffers’ to maintain credit flows
Risks have risen, but the banks remain profitable and bad loans will decline.
New Zealand’s central bank governor resigns
Christian Hawkesby will serve as acting governor until 31 March 2025.
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Reserve Bank of New Zealand calls for increased efforts in financial inclusion
According to the World Bank, around 50,000 New Zealanders remain unbanked.
New Zealand’s expected interest rate hike to raise banks’ profits: Fitch
However, its impact on earnings may take some time to rise as mortgages are not yet due.
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