Trade unions are urging the Reserve Bank to halt aggressive interest rate rises, for the sake of the economy.
In its half-yearly financial stability report yesterday, the bank said the country's financial system is in good shape, but there are emerging signs of stress for households.
It added that a large rise in unemployment remains the biggest risk to financial stability.
Council of Trade Unions economist Craig Rennie says New Zealand's financial system is strong, but a pause in rate hikes is needed.
He spoke with Corin Dann.
