The Government will bear the majority of the remaining losses, with an estimated $ billion in damage to uninsured public infrastructure and government buildings, as well as the costs being met from the EQC reserves. Fiscal costs will also include the array of additional government support programmes – support to small businesses, clean up and recovery costs, and ACC payments.
•  The credit institutions’ own targeted returns seem to be rather high. And finally:  •  A long period of low interest rates involves considerable inherent risk. Thank you for your attention. 4  BIS central bankers’ speeches