The IMF suggests the Reserve Bank adopt a debt-to-income limit to reduce the risks from a still-heavily indebted household sector. Thomas Coughlan reports.
New Finance Minister Grant Robertson faces a tough time convincing existing Reserve Bank staff that they can run the economy hotter to get unemployment below four percent, at least for now.
Hello all after a frantic lockup-free morning where the Reserve Bank first hinted at new Macro-Prudential measures in its Financial Stability Report (FSR) and then outright said in the news conference that it was actively investigating a new limit on Debt-To-Income multiples.
The second release by WikiLeaks of leaked documents from the Trans Pacific Partnership (TPP) free trade agreement talks put the spotlight on the potential of an agreement to influence New Zealand financial and monetary policy - although both Finance Minister Bill English and Labour spokesman David Parker were sceptical about whether the deal would affect either monetary or prudential policy.