Graeme Wheeler is governor of the Reserve Bank of New Zealand
Speaking at a press conference
Also, Dep Gov Spencer (Grant Spencer is Deputy Governor, & Head of Financial Stability at the Bank):
- May have seen the bottom in global rate cycle
Headlines via Bloomberg
--
More (via Reuters):
Wheeler:
- Have another meeting scheduled with finance minister in a "couple of weeks" to discuss debt-to-income ratios for home lending
- Says will need to see a resurgence in house price inflation to consider introducing debt to income restriction on home lending
Spencer:
- Will consider "speed limit" restriction on DTI lending if it were introduced
(ps. DTI = debt-to-income)
More:
Spencer -
- GDP outlook little changed by quake
- Total cost may be NZ 3 to 8bn
Wheeler -
- Economy not in need of substantial fiscal stimulus
