It is five years since we first introduced macro-prudential policy in the form of loan-to-value ratio (LVR) restrictions in October 2013. It is time now to take a step back and review the experience with this new policy framework.

Indeed we are committed to undertake such a review under the Memorandum of Understanding (MoU) on Macro-prudential Policy that was signed with the Minister of Finance in 2013.    read more.....

Publication by Reserve Bank of New Zealand