RBNZ: Housing risks require a broad policy response
|The Reserve Bank of New Zealand’s (RBNZ) deputy governor Grant Spencer crossed the wires last minutes, speaking on the housing sector.
Key Quotes:
“Housing risks require a broad policy response”
“Contemplating further macro prudential tools to curb housing market”
“Considering tightening loan to value ratios further”
“Limits on debt to income ratios may also play a role”
“Concerned about risks to financial and economic stability due to housing market imbalances”
“Tighter loan to value ratios could be introduced by year end”
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