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‘Risk-taking’ on housing remains a worry for Reserve Bank during Covid recovery –

Reserve Bank warns it may need to take more action on housing.



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The Reserve Bank has honed in on the housing market and “increased risk taking” as key threats to the stability of the financial system in the wake of Covid, warning it may need to take more action on housing.
The economy had so far come through the Covid pandemic better than initially feared, governor Adrian Orr said in the central bank’s latest six-monthly financial stability report.
“Successful public health measures along with substantial monetary and fiscal policy support, helped to prevent…

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