NZ central bank will explain before using new asset bubble tools

Fri, 17 May 2013

By Tina Morrison May 17 (BusinessDesk) - New Zealand's Reserve Bank will clearly explain concerns it has about risks to financial stability before using any of its new tools to cool asset bubbles, in the hope that may prevent their use. The central bank today released its response to submissions and its final policy position following public consultation in March and April on its new macro-prudential policy. The measures include requiring lenders to hold more capital on their balance sheets against certain assets, and restricting the level of...

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