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Why The Reserve Bank Is Concerned About New Zealand's Rising House Prices


Thursday, 6 May 2021, 12:09 pm
New Zealand house prices have risen significantly in the
past 12 months. This has raised concerns at the Reserve Bank
of New Zealand – Te Putea Matua about the risk this poses
to financial stability.
Central banks responded
swiftly to the global economic shock caused by COVID-19,
making it cheaper for households and businesses to borrow.
These initiatives were complemented by the support provided
by Government policies and helped to avert a more serious
financial crisis, but also had the flow-on effect of
boosting asset prices. In our case, with strong population
growth and limited housing availability, house prices ....

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New Law Reforms The Regulation Of Financial Market Infrastructures (FMIs)


Thursday, 6 May 2021, 2:37 pm
New laws to regulate and supervise payment and settlement
systems have been passed by Parliament following the third
reading of the Financial Market Infrastructures Bill (the
Bill) yesterday.
FMIs are critical systems that
support day-to-day payments and financial transactions in
the economy. They include electronic payment systems, and
systems to settle trades in a range of financial products,
such as equities and bonds. These systems are mostly used by
banks and other financial institutions, but payment systems
are also used by individuals, retailers, and other
businesses.
Under the Bill the Reserve Bank of New
Zealand – Te Pūtea Matua (the Reserve Bank) and the ....

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