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Live-streamed video from the May 2023 RBNZ Financial Stability Report press conference with Governor Adrian Orr

Banking / news
Live-streamed video from the May 2023 RBNZ Financial Stability Report press conference with Governor Adrian Orr

This news conference will start at about 1 pm.

Our report on what this May 2023 Financial Stability Report means is here and will be updated as necessary following this news conference.

The RBNZ media release is here and here.

Today's full Financial Stability Report is here.

When the live news conference is finished we will place a video recording of it on this page as soon as it becomes available.

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.

6 Comments

Anyone know where I can get a copy of that catchy waiting music they always use? Bet I could smash out a 5km personal best with that in my headphones.

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"The Reserve Bank (RBNZ) says the country’s houses are still “somewhat overvalued” and prices risk falling “significantly” below a level it deems sustainable"

https://www.nzherald.co.nz/business/reserve-bank-house-prices-remain-ov…

Distressed sale avalanche?

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Relevant quote from RBNZ Financial stability report.  I.e. what a lot of commenters here have been saying for a while now:

 

In the near term prices may continue to soften, given the level of interest rates, the ongoing completion of houses currently under construction, and weak market activity and sentiment. However, there remains the risk of house prices declining significantly below our assessment of their sustainable level, particularly if the number of distressed sales picks up, generating self-reinforcing negative feedback effects.

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Lo-fi theme tune of a fragmenting ponzi falling apart at the seams

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Jenée again asking some good questions. Bit of a loss from interest.co.nz!

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"Therefore, profitability puts banks in a position to earn their social licence by contributing to a sound, efficient, inclusive, and dynamic financial system."

Is this social licence included in the the actual licence given to banks so they can operate? I have my doubts. Seems to me just another exhortation or jawboning, to the banks with no regulation to back it up.

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