BUDGET 2013: New RBNZ rules to be included in housing package

Under the threat of a looming housing bubble, tomorrow afternoon’s Budget is to include the agreement between Reserve Bank governor Graham Wheeler and Finance Minister Bill English on how the central bank will operate its financial stability tools.

The Reserve Bank is building up its portfolio of “macro-prudential policy” tools, which include higher capital requirements and the much discussed loan-to-value ratios.


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