Quote ” Finance Minister Nicola Willis is receiving advice on how she can compel the Reserve Bank of New Zealand (RBNZ) to change the way it regulates banks.
She believes loosening the RBNZ’s controversial capital rules, which former Governor Adrian Orr was a fierce defender of, could boost the economy.”
Loosen the restriction on the banks would add fire into the housing market?
But first thing first, to save the economy and housing market will be following.
Reference:
Nicola Willis gets advice on overriding Reserve Bank’s bank capital rules championed by Adrian Orr
Disclaimer:
The opinions expressed in this article should not be taken as financial advice, or a recommendation of any financial product. Frank Real Estate shall not be liable or responsible for any information, omissions, or errors present. Any commentary provided are the personal views of the author and are not necessarily representative of the views and opinions of Frank Real Estate. We recommend seeking professional investment and/or mortgage advice before taking any action.
Recent Comments