RBNZ's Orr on financial stability in New Zealand

In the speech 'Towards a framework for promoting financial stability in New Zealand' given on 22 March Adrian Orr of the RBNZ said the financial system is critical to the future growth of the New Zealand economy.

In his speech to the Institution of Professional Engineers New Zealand, Mr Orr outlined the Reserve Bank's view on the preconditions for financial stability and highlighted some of the activities the Reserve Bank is undertaking to promote financial system stability.

"The financial system

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