May
10

RBNZ `Seriously Looking’ at More Policies to Curb Housing Boom

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  • Reserve Bank says financial stability risks have increased
  • New Zealand dollar rises after Financial Stability Report

New Zealand’s central bank said it is looking at additional lending restrictions to help curb the nation’s booming housing market.

“It’s fair to say we’re seriously looking at macro-prudential” policies, Reserve Bank Governor Graeme Wheeler said at a news conference Wednesday in Wellington following the release of the semi-annual Financial Stability Report. There is no specific timetable for introducing extra restrictions because the bank is still doing its analysis and needs to consult with the government, he said…

RBNZ `Seriously Looking’ at More Policies to Curb Housing Boom

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