Real estate debt accounts for almost 90% of total individual debt, according to new figures
No interest rate cut today – and maybe not in November, either.
"I dare Wheeler to implement debt-to-income ratios of a ratio = or < 4.5 times and see what happens to inflation then. Since the government point-blank refuses to act on the Auckland Bubble, the RBNZ needs to"
There is a simplistic and sloganeering argument which suggests a rate cut will bring the exchange rate down. It is quite wrong.
"Rob you fail to consider the counter-factual - had the previous rate cuts not been made then the exchange may well have risen even higher than it already has!"