• The Reserve Bank of New Zealand Governor Graeme Wheeler: the country's financial system remains sound, a slowdown in China's economic growth was a risk for New Zealand

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14 maio 2014

The Reserve Bank of New Zealand Governor Graeme Wheeler: the country's financial system remains sound, a slowdown in China's economic growth was a risk for New Zealand

The Reserve Bank of New Zealand Governor Graeme Wheeler said today:

- The financial system in New Zealand remains sound, but there are still risks from the high levels of debt in the household and dairy sectors;

- House prices are overvalued;

- A potential decrease in China's property prices and shadow financing system is a risk for New Zealand;

- Strong deposit growth has helped to reduce the reliance of the banking system on offshore funding.

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