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17 Jul 2020 2:00
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  •   Home > News > Business

    The Reserve Bank Governor says banks have a critical role in financial recovery after COVID-19

    The Reserve Bank Governor says banks have a critical role in financial recovery after COVID-19


    The central bank has released its six-monthly report on the Financial Stability of New Zealand's system.

    Adrian Orr says at the start of the pandemic, the banking system had built up significant capital and liquidity buffers.

    He says the buffers can now be used to support economic activity over the next few years.

    Orr says there's concern for some lenders and life insurers... that have low profitability and low buffers.

    © 2020 Newstalk ZB, NZCity


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     16 Jul: The drop in inflation has taken analysts by surprise
     16 Jul: Multi million dollar loans are being offered to two Southland food producers to help them expand
     16 Jul: Invercargill's new CBD development is forging ahead - despite costing more than expected
     16 Jul: Questions are being raised about how regional lockdowns would affect businesses
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    BUSINESS BUSINESS
    Auckland Council has signed off on a 3.5 per cent overall rates hike More...



     Today's News

    Business:
    Auckland Council has signed off on a 3.5 per cent overall rates hike 21:57

    Environment:
    Four people have been forced to climb out of their vehicles and wade through floodwaters to safety as heavy rain and gusty winds hit the Coromandel Peninsula 21:17

    Entertainment:
    Naya Rivera's family says heaven has gained a "sassy angel" as they thanked fans for their love and prayers 20:29

    Entertainment:
    Ellie Goulding enjoys living apart from Caspar Jopling 19:59

    International:
    Coronavirus immunity: Any antibodies we develop to COVID-19 seem to drop off within months. So what does this mean for a vaccine? 19:47

    Entertainment:
    Melissa Etheridge has been learning to "love" herself after her son's death 19:29

    Entertainment:
    Mark Wright appreciates nights in with his wife more because of lockdown 18:59

    Rugby:
    Richard Kahui's unsure if his new career pathway will lead him back to Mooloo country 18:57

    Rugby League:
    The NRL has asked all players who face Queensland teams this week and live in south-west Sydney's COVID-19 "hotspots" to be tested immediately 18:37

    Entertainment:
    Naya Rivera's cause of death has been confirmed as drowning 18:29


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