FX & CFD trading involves significant risk
The Reserve Bank of New Zealand Governor Graeme Wheeler said today:
- The financial system in New Zealand remains sound, but there are still risks from the high levels of debt in the household and dairy sectors;
- House prices are overvalued;
- A potential decrease in China's property prices and shadow financing system is a risk for New Zealand;
- Strong deposit growth has helped to reduce the reliance of the banking system on offshore funding.
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