Tony’s view – 04 November 2021 – When success becomes a problem

Menique Stuart

In this week’s issue of Tony’s View, he looks at how Reserve Bank policies in recent years aimed at improving bank and household balance sheet resilience is now a problem – because it is the RBNZ applying the shock. To get the spending restraint they will eventually want, mortgage rates will need to go higher than if households were in a more precarious state.

Read the latest issue here