Once again there is a feeling that the RBNZ has become embattled.  If it isn't bank economists confused about their OCR decisions, it's politicians openly applying pressure to take action with new macro-prudential tools.  In our view, the RBNZ could more clearly set out that they are using macro-prudential tools to avoid a banking crisis, not to address a housing affordability crisis or to give themselves more room with monetary policy.          read more,,,,,,,,

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