RBNZ: Housing risks require a broad policy response

The Reserve Bank of New Zealand’s (RBNZ) deputy governor Grant Spencer crossed the wires last minutes, speaking on the housing sector.

Key Quotes:

“Housing risks require a broad policy response”

“Contemplating further macro prudential tools to curb housing market”

“Considering tightening loan to value ratios further”

“Limits on debt to income ratios may also play a role”

“Concerned about risks to financial and economic stability due to housing market imbalances”

“Tighter loan to value ratios could be introduced by year end”