News
Tools no substitute for OCR: Economists

Wednesday 13th of March 2013
The Reserve Bank has issued a consultation document on its proposed macroprudential tools, including proposals such as loan-to-value restrictions, a countercyclical capital buffer and sectoral capital requirements and a core funding ratio.
The tools are designed to have an impact on credit growth without affecting the exchange rate.
Westpac senior economist Michael Gordon said s...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.