News: RBNZ says housing market poses financial stability risk, NZD is high

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    WELLINGTON, Sept 29 (Reuters) - New Zealand's currency remained high and imbalances in the housing market posed a financial stability risk, the Reserve Bank of New Zealand said on Thursday.

    "We remain vigilant about financial stability risks arising from imbalances in the housing market," said RBNZ governor Graeme Wheeler in the bank's annual report.

    The comments came after the central bank kept rates on hold at a record low of 2.0 percent last week, but said that further easing would be needed.

 
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