Comments from RBNZ deputy governor Bascand, he is giving a speech in Wellington at present:
- Says loan restrictions are impacting as expected
- Says house price inflation is moderating
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Bascand is referring to the RBNZ’s ‘macro-prudential’ tools that placed some restrictions on borrowing for housing.
His full speech is here.
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Meanwhile the NZD is not doing much in response, its ticked a little higher but barely anything in it.
