Hot housing about financial stability not monetary policy: RBNZ

Hot housing about financial stability not monetary policy: RBNZ
Rebecca Howard
The Reserve Bank has no issue with beefing up its role in relation to house prices but says it is a financial stability concern, not a monetary policy issue.It also wants more tools, including debt-to-income limits.The central bank slashed interest rates to a record low 0.25 percent to help the economy weather the impact of covid-19 and while that has served to stimulate borrowing and spending, it's also stoked the housing market, turning it into a political hot potato for the government as it also contends with supply issues.That was refle...

More Economy

DTIs here by July - Reserve Bank
Finance

DTIs here by July - Reserve Bank

New loan restrictions are likely to limit home lending during boom times.

Arrears jump 10% on Co-op Bank's $3b mortgage book
Economy

Arrears jump 10% on Co-op Bank's $3b mortgage book

That's despite a 40% fall in arrears post 90 days.

Higher farmgate milk price could put another $1b in rural economy
Primary Sector

Higher farmgate milk price could put another $1b in rural economy

Fonterra is expected to announce its opening forecast this week. 

Capital is the elephant not in the room
Primary Sector

Dileepa Fonseka: Capital is the elephant not in the room

Doubling exports also means a cultural shift in how we view capital. 

Dileepa Fonseka 27 May 2024