New Zealand banks have systems to monitor risks

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Reserve Bank of New Zealand’s Chrisitan Hawkesby explained that New Zealand banks have systems to monitor risks.

Key comments

• Full impact tightening yet to be fully seen.
• Early signs growth starting to slow.
• Extent of moderation will determine policy.
• Inflation too high and persisten.

NZD/USD update

We can see the break in the structure and given the current momentum to the downside, a follow thorugh is a high possibility.