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The Financial Stability Report outlines our assessment of the state of, and risks to, New Zealand’s financial stability. The Report is one of our key publications, and aims to raise public awareness of developments in the financial system. It is published pursuant to section 170 of the Reserve Bank of New Zealand Act 2021, which states that the Report must: • report on matters relating to the stability of New Zealand’s financial system, and other matters associated with the Reserve Bank’s prudential objective; and • contain the information that is necessary or desirable to allow an assessment to be made of the effectiveness of the Bank’s use of its powers to protect and promote the stability of New Zealand’s financial system, and achieve the prude post: RBNZ FINANCIAL STABILITY REVIEW: MANY HOUSEHOLDS AND BUSINESSES ARE FEELING FINANCIAL PRESSURE AND RISING UNEMPLOYMENT IS POSING CHALLENGES FOR SOME BORROWERS. post: RBNZ: BANKS ANTICIPATE A SLIGHT INCREASE IN NON-PERFORMING LOANS, ALBEIT STILL BELOW LEVELS SEEN IN PREVIOUS RECESSIONS post: RBNZ FINANCIAL STABILITY REVIEW: FINANCIAL SYSTEM REMAINS RESILIENT AMIDST ECONOMIC DOWNTURN.
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The U.S. cryptocurrency industry has overtaken some traditional big spenders in the 2024 election cycle in a bid to make Washington more favorable toward digital assets. According to an analysis of Federal Election Commission filings by blockchain analytics platform Breadcrumbs and FOX Business, the digital asset industry has raised at least $238 million so ...
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