3 Nov 2022

Economist on latest financial stability report

From Morning Report, 8:18 am on 3 November 2022

Banks are being urged to lend a helping hand to families and businesses struggling with rising interest rates.

The plea comes from the Reserve Bank as it warns of tough times ahead in the fight against inflation.

Falling house prices and rising interest rates will put homeowners under pressure, and increasing numbers may find the size of their loan is more than the value of their property.

The unemployment rate is also being called unsustainably low.

Infometrics senior economist and director Brad Olsen spoke to Māni Dunlop.