A gut feeling that banks may not have learned their lesson around prudent lending is holding Reserve Bank governor Adrian Orr back from easing loan to value restrictions, Lynn Grieveson reports.
The focus in and around yesterday's half-yearly Financial Stability Report was on the Reserve Bank's plans for Debt To Income (DTI) limits and the impact of the Kaikoura quake.
Just a quick note to say to regular readers that after three years of daily emails I am planning to make some changes next year to include Hive News in a bigger, better and more sustainable news venture.
For the convenience of email-avoiding subscribers and samplers, here's the email sent earlier on Wednesday.
Good morning all again from the Reserve Bank 'lockup' for media.