"Successful public health measures along with substantial monetary and fiscal policy support, helped to prevent many business failures and a larger rise in unemployment," Governor Adrian Orr said in the bank's Financial Stability Report (FSR).
WELLINGTON: The Reserve Bank of New Zealand (RBNZ) said the country has come through the COVID-19 pandemic better than initially feared, but financial vulnerabilities remain and that more action may be needed to control an inflated housing market.
"Successful public health measures along with substantial monetary and fiscal policy support, helped to prevent many business failures and a larger rise in unemployment," Governor Adrian Orr said in the bank's Financial Stability Report (FSR).
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