The Reserve Bank released a review of its loan:value ratio (LVR) policy for residential lending yesterday, but hasn’t made a recommendation on ending or changing the policy.
I found much of the review commentary from the Reserve Bank & Treasury either wishy-washy or sliding off topic, when I wanted to pinpoint a purpose, a direction, clear options and a reason for choosing one path over another.
The Reserve Bank went out to consultation on Friday on a proposal for bank owners to lift their shareholding stakes – their capital ratio – and thereby bear a greater share of the financial system’s risks.
I read a US newsletter at the weekend that looked at change resulting from self-driving electric cars, but not just about the vehicles themselves. My conclusion: Change is not going to happen overnight, but it will be rapid.
This article is a summary about position-taking, influences, and the broad impacts on New Zealand. Donald Trump’s role in both his campaign for the US presidency and as president has been to disrupt the status quo.
Over the last 3 days the Government has provided context for change.