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