Comments from the news conference of RBNZ Governor Wheeler after the release of the Financial Stability Report:
- Lending curbs may cut Auckland house inflation by 2-4%
- May cut Auckland transactions by 8-10%
- Seriously concerned by risk in Auckland house market
- Still putting together forecasts for the June Monetary Policy Statement (MPS)
(The MPS is due on June 11)
More:
- Wheeler declines to comment on the exchange rate
Note - there were comments in FXR on the NZD
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Earlier: The RBNZ, as expected, is targeting property lending
