(Reuters) – The Reserve Bank of New Zealand said on Monday its annual stress test on the banking sector showed banks were “well placed” to overcome stagflation.
The RBNZ’s Deputy Governor Christian Hawkesby said while banks’ capital buffers would take a hit in a stagflationary economy, they would still remain well above the regualtory minimums.
(Reporting by Harshita Swaminathan; Editing by Alison Williams)
