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Politics
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RBNZ to ask for powers on debt to income ratios

Proposal to be part of central bank's 'conversation' with government on house prices.

Brent Edwards Wed, 25 Nov 2020

Reserve Bank governor Adrian Orr has called the government “courageous” for writing to the bank asking it to consider what else can be done to rein in rising house prices.

In his letter to Orr, Finance Minister Grant Robertson suggested adding a reference to bank’s remit stating it should

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RBNZ to ask for powers on debt to income ratios
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