RBNZ's Spencer - macro-prudential policy ultimately can't control the housing cycle

Omkar Godbole FXStreet Contributor

Comments from RBNZ head Spencer are crossing the wires via Reuters-

Will review macro-prudential policy with treasury.
macro-prudential policy ultimately can't control the housing cycle
Keen to see macro-prudential develop as credible and sustainable policy.
Macro-prudential has significantly improved the resilience of banks' balance sheets.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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