RBNZ Financial Stability report flags dairy prices, labour market as risks

<p>Reserve Bank of New Zealand Financial Stability Report is barely moving NZD/USD:</p><ul><li>
Households and businesses continue to face higher debt servicing
costs</li><li>Key risk to
financial stability would be a significant deterioration in the
labour market</li><li>A prolonged downturn
in dairy prices could see a material pickup in loan losses for banks.</li><li>Financial system
still adjusting to higher rates</li><li>Banking system well
placed to handle external shocks</li><li>Banks preparing for
deterioration in asset quality</li></ul>

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