Reserve Bank of New Zealand’s Spencer outlines macro-prudential initiatives


Reserve Bank of New Zealand deputy governor Grant Spencer outlined the new macro-prudential initiatives favoured by the central bank in a speech today (May 3). "We expect the Reserve Bank will take the lead role in implementing macro-prudential policy, subject to consultation with government," he said.

The deputy governor said the central bank had already moved to address liquidity concerns via the core funding ratio for New Zealand banks, which will increase from 70% to 75% in 2013, and will

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