On Immigration
- Surprised by strength of immigration
On Housing/Loan to Value Restrictions
- House price inflation still strong in Auckland
- Won’t give time when will ease mortgage Loan to value ratios
- Prefers to ease LVRs first, then remove them fully
- Predicts house price inflation will slow further.
- LVR still meant to be temporary
On the Exchange Rate:
- Exchange rate is unjustifiable, unsustainable
- Exchange rate has further to go
- Will not comment on Currency intervention.
The headlines from his press conference are trickling in. Will report those headlines here that are relevant.
