"Rising interest rates will test financial resilience," wrote 1News, cribbing from the Reserve Bank's own news release on its November half-yearly Financial Stability Report titled: "Global financial stress will test resilience." Financial stress. We all need to take a class in financial stability and macroeconomic policy yoga. "We benefit from a financial stability perspective from the strong, strong starting point that we have," Hawkesby said when asked about the financial stability risks from a slowing economy. And so all of those things benefit financial stability in the near term.

Source: New Zealand Herald November 03, 2022 00:06 UTC