RBNZ Financial Stability Report, November 2005

The Reserve Bank of New Zealand published its November 2005 Financial Stability Report on 18 November. Reserve Bank governor Alan Bollard commented: "The New Zealand financial system, overall, is well placed to weather a possible slowdown in the economy."

Dr Bollard said the economic expansion of recent years has been reflected in strong financial sector balance sheets, and levels of trading in financial markets that have given them depth and liquidity.

"However, these same developments have also

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