SYDNEY, May 2 (Reuters) - New Zealand's central bank on
Tuesday said it was not seeing widespread financial distress
among households or businesses but warned more borrowers could
fall behind on their payments this year given the expected
weakening in the labour market.
Household balance sheets remained resilient, with most
households with a mortgage still having substantial equity
buffers partly due to the impact of previous loan-to-value ratio
curbs, Deputy Governor Christian Hawkesby said in a statement.
(Reporting by Renju Jose in Sydney; Editing by Chris Reese)
Messaging: @renjujose))
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