- RBNZ’s Bascand: Central bank’s job is to limit financial stability risks and keep overall inflation under control
Market news
RBNZ’s Bascand: Central bank’s job is to limit financial stability risks and keep overall inflation under control
Reserve Bank of New Zealand (RBNZ) Deputy Governor said that the central bank’s “job is to limit financial stability risks and keep overall inflation under control,” in his latest speech early Tuesday.
Additional comments
Central bankers must continue to look forward to "guard against the unpredictable”
Confident our financial stability approach has strengthened; the foundations are more solid.
Still work to do to strengthen regulated entities' resilience & compliance.
Next 10 years likely to see greater concentration on efficiency, industry dynamics and how financial institutions meet customer needs.
insurance affordability & risk-based pricing, open banking, & digital money are dynamic challenges sector and regulators will face.
RBNZ cannot alter the supply of land or buildings, and should not be held responsible for the housing market.
DTI restrictions are an important and probably better tool than LVRs.
RBNZ can lean against house prices by increasing cost & restricting availability of credit.
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NZD/USD holds on firm grounds in risk-on environment
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