The Reserve Bank says the country certainly isn't out of the woods, but our banks remain well placed to weather what comes next

The central bank has just released its latest financial stability report.

New Zealand remains exposed to international uncertainty, rising government debt, surging tech stocks, and western governments taking on more debt.

Our retail and hospo sectors are also still doing it tough.

However, loan defaults remain well below the Global Financial Crisis, interest rates are falling, and dairy and meat prices remain relatively high.