Banks welcome today’s announcement that the Reserve
Bank will consider the impact of its monetary and financial
policy decisions on the housing
market.
“Bankssupport today’s
announcement and are keen to be involved in discussions
around how to tackle the current housing situation,” says
New Zealand Bankers’ Association chief executive Roger
Beaumont.
“There’s no single solution to our
current housing affordability issues, which is a complex
challenge. Potential responses include addressing both
supply and demand issues.
“Today’s announcement is
more about managing the demand side, and what mechanisms the
Reserve Bank has available to do that. That will likely have
implications for bank lending. Our banks will continue to be
responsible lenders and welcome the opportunity to be part
of any further solutions,” says
Beaumont.
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