Flooding caused by rivers and surface water could pose a bigger risk to banks residential lending portfolios than coastal flooding, a Reserve Bank report says.
The Reserve Bank says the country's financial system is secure and in good shape, but renewed its warning households face pressure from falling house prices and rising interest rates.
Inflation is set to stay high for some time forcing the Reserve Bank to combat it with steadily rising interest rates, according to two of the central bank's most senior officials.
Inflation is set to stay high for some time forcing the Reserve Bank to combat it with steadily rising interest rates, according to two of the central bank's most senior officials.