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Live-streamed video from the November 2020 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr

Live-streamed video from the November 2020 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr

This news conference will start at about 3:00pm.

Our report on what this August 2020 Monetary Policy Statement means is here and will be updated as necessary following this news conference.

The RBNZ media release is here.

Today's full Monetary Policy Statement is here.

When the live news conference is finished we will place a video recording of it on this page as soon as it becomes available.

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.

4 Comments

Don't the FLP and LVR positions somewhat contradict eachother?

The reason for not reintroducing LVR restrictions immediately has been less than convincing, moreover we cannot trust banks to impose their own restrictions as Mr Orr states since there is proof of the exact opposite being true.

Adrian is exceptionally defensive about the RBNZ's impact on house prices, fascinating.

Key take away for me: The banks have been the ones hounding him to put the LVR's back on.

They feel if their individual bank places safe, they themselves are playing a helping hand in NZ's financial stability, but if all other banks don't then they'll obviously lose a lot of market share.

So it needs to be agree'd that all banks play within set bounds of LVR's for the whole benefit of NZ's financial stability -

As good as a gentlemen's agreement today, and I'd be interested in what brokers can tell me, but I'd say high LVR lending over 70% for investment property from today will be off the cards across all main banks