Reserve Bank of New Zealand Governor Orr spoke in front of a NZ parliamentary committee.

Earlier headline here:

ps. Relating to that LVR news, Orr says he is still awaiting a response from NZ's finance minister of including debt-to-income ratios

A little more:

  • the shock to the economy around the world from the pandemic continues
  • NZ economy, but risks still with us
  • says he is concerned a sharp drop in the NZ housing market could do harm