Market news
17.03.2023, 03:00

RBNZ: All banks are currently operating above our minimum regulatory requirements

Reserve Bank of New Zealand (RBNZ) said in a statement on Friday, “all New Zealand banks are currently operating above our minimum regulatory requirements.”

Additional quotes

“Aware of current financial stability issues with a small number of banks internationally, monitoring the situation closely.”

“In regular contact with other regional regulators and regulated entities.”

Market reaction

NZD/USD is holding higher ground near 0.6230 on the above headlines. The spot is up 0.50% on the day.

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