RBNZ prepares to add debt-to-income limit
NZ's central bank is preparing to add debt-to-income limits - but might not use them.
NZ's central bank is preparing to add debt-to-income limits - but might not use them.
The NZ financial system is sound but housing remains a key risk, the central bank says.
The dollar rose after yesterday's monetary policy review kept interest rates unchanged.
Markets expected the Reserve Bank would move forward its forecasts for future rises.
The dollar rose ahead of the Reserve Bank's monetary policy statement.
The Reserve Bank is seeking feedback in the first round of a review.
Reserve Bank deputy governor Geoff Bascand will take charge of financial stability.
Labour's plan to reform monetary policy is more modest than it looks.
Labour wants the Reserve Bank to consider full employment as well as inflation.
The Reserve Bank has kept the official cash rate on hold at 1.75 per cent.
The New Zealand dollar gained ahead of the RBNZ's six-weekly review of monetary policy.
All 11 economists polled expect rates to remain on hold
COMMENT: Want to know what's going on in NZ's external affairs? Ask Australia.
COMMENT: Both income and asset tests decide who gets a subsidy, Mary Holm writes.
How much banks have to pay for off-shore funding will be the main determinant of whether rates continue to rise this year, says ASB bank boss Barbara Chapman.
COMMENT: In last week's monetary policy statement , the word "uncertainty" came up eleven times, by Mark Lister's count.
Reserve Bank deputy governor Grant Spencer says it's still too early to declare victory with the recent slowdown in house prices.
Don't expect interest rates to stay still despite the Reserve Bank's decision to keep the official cash rate on hold.
COMMENT: The Reserve Bank Governor is arguably the most influential - if unelected - role in New Zealand outside that of the Prime Minister or Minister of Finance.
New Zealand inflation expectations for the next two years have increased, a Reserve Bank survey shows.
Home-buyers took a breather at the end of last year with new residential mortgage lending dipping down.
The Government talks up the prospects of a new supply of housing for first-home buyers in Auckland, but is there a funding gap?
Costs have soared in the past 12 months undermining efforts to address New Zealand's affordability with increased housing supply.
Less than half of young renters voted at the last election, and more than 90 per cent of property owners over the age of 50 voted.
The Reserve Bank has issued a formal warning to Aotearoa Credit Union over its failure to meet its anti-money laundering obligations.
Some mortgage holders are breaking their fixed terms early to lock in longer term rates before they rise further, says a broker.
Reserve Bank governor Graeme Wheeler says the prospects are good for "continued strong growth" in the New Zealand.
Reserve Bank Governor Graeme Wheeler said he accepts the central bank got its migration forecasts wrong.
It is hard to understand why Finance Minister is wary about giving the Reserve Bank the power it wants to impose an income limit on house mortgage lending.
Debt to income limits would damage the Auckland housing market and New Zealand's economy, property valuers say.