Insight for Sunday 12 July 2015
( RNZ / Diego Opatowski )
Two months on from the Reserve Banks’ report on financial stability, and the three areas identified as posing a risk have worsened.
The Auckland housing market continues to spiral upward, dairy prices are still in the doldrums and global front, Greece and the stockmarket in China have hit crisis point.
Some commentators say this country needs to alter course before there is a serious readjustment.
Others are more positive.
Philippa Tolley explores how worried New Zealanders should be about financial stability