Quote Originally Posted by macduffy View Post
Not quite. The RBNZ don't have any mandate to protect investors - first home buyers? maybe - but they do have a function in ensuring a sound financial system. That's their objective in applying lending restrictions.
I think it is beneficial to have the experts of an independent central Bank protecting the financial system.

That's especially handy in an election year when the inexpert politicians and Parties would like to introduce (risky) policies in order to please and appeal to those neglected parts of the electorate that have been hurt by the current political and economic environment (first home buyers in this case.)

I agree with Mr Morgan...The housing train wreck has been decades in the making and both Labour and National can take the credit for that😮
https://www.nbr.co.nz/opinion/housin...ades-making-gm