RBNZ sees macroprudential working

Friday, 25 October 2013

RBNZ Governor Graeme Wheeler argues this morning that evidence is building that the bank’s new LVR limits are working. And what a breath of fresh air is the framing of the issue versus the RBA’s “power of positive thinking ” approach. No ‘it’s different here’ claptrap in NZ.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.