In May Financial Stability Report, Reserve Bank Governor, Adrian Orr has said that the financial system is in a stable position to aid in the economic recovery process.
Some of the initiatives to support kiwis are:
- Loan Deferral Scheme: A deferral of loan payments for up to six months for household and small business customers.
- Business Financing Guarantee Scheme: Partially government-guaranteed loans for SMEs.
- Bank liquidity and funding support: The Reserve Bank has introduced concessional term funding facilities for banks.