RBNZ's Spencer calls for permanent macro-prudential framework

Tue, 13 Mar 2018

By Rebecca Howard March 13 (BusinessDesk) - Reserve Bank acting governor Grant Spencer says the government should consider a permanent structure for macro-prudential tools, which he attributes as helping the regulator meet its policy objectives. There are currently four instruments in the central bank's toolkit, including loan-to-value ratio restrictions. In a speech entitled 'Getting the best out of macro-prudential policy', Spencer told the Institute of Finance Professionals New Zealand in Auckland, that he supports retaining the exist...

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