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Monetary Policy Statement November 2023

Monetary Policy Statement November 2023
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RBNZ s Hawkesby: NZ can handle higher rates of unemployment

Speaking at a news conference following the release of the November Financial Stability Report, Reserve Bank of New Zealand (RBNZ) Deputy Governor Christian Hawkesby said that slow demand from China is hitting commodity prices.

Loan arrears still well below levels seen during the GFC

Financial System Still Adjusting To Higher Interest Rates

New Zealand’s financial system remains strong as it adjusts to a higher interest rate environment, Deputy Governor Christian Hawkesby says in releasing the November 2023 Financial Stability Report . The full impact of previous interest rate increases .

Economy and Finance – Financial system still adjusting to higher interest rates – Reserve Bank

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