Reserve Bank of New Zealand Governor Grant Spencer speech "Getting the best out of macro-prudential policy"

  • Bank to review macroprudential policies with Treasury
  • Spencer keen to see macro-pru develop as a credible and sustainable policy

Macroprudential policies (to limit lending, eg. on housing investment) are somewhat of an alternative to the more blunt measure of hiking interest rates.

NZD off a few tics

Text is here RBNZ Governor supports macro-prudential policy

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Spencer is 'acting' Governor until March 27, when Adrian Orr will begin a five-year term as governor