NZ central bank says current mortgage curbs appropriate

Orr: Financial system risks remain elevated, and ongoing effort is necessary to bolster system soundness and efficiency. — AP

WELLINGTON: New Zealand’s central bank says the country’s financial system is resilient but that risks remained elevated, adding that current mortgage restrictions are appropriate for now.

The Reserve Bank of New Zealand (RBNZ) said in its half-yearly financial stability review that household risks have not changed much over the past six months.