Reserve Bank of New Zealand Governor Orr press conference following the Bank's Financial Stability Report released earlier.
Link to the news conference live is here
More:
- intends to work with the government on long term goals of housing affordability
- says already taking housing prices into account in monetary policy decisions
- says no concerns about the independence of the central bank
- we will consider our macroprudential toolkit
- debt to income may be an option
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ps. ICYMI the big news out of NZ yesterday (read from the bottom up for the chronology):