RBNZ says it expects defaults to increase in agricultural lending portfolios

<p>Reserve Bank of New Zealand statement:</p><ul><li>
Agricultural sector facing difficult economic conditions due to low
prices, high operating expenses and increased debt servicing costs</li><li>Defaults in banks’
agricultural lending portfolios are currently low, they are expected
to increase</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.