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Risks to financial stability - reaction

NZ NewswireNZ Newswire 11/05/2016

REACTION TO THE FINANCIAL STABILITY REPORT

* "We think it is likely that the RBNZ will tighten up the Auckland investor LVR restrictions in coming months" - ASB chief economist Nick Tuffley

* "The government's failure to deal with the housing crisis is now a major risk to New Zealand" - Labour's finance spokesman Grant Robertson

* "The RBNZ has taken a cool-headed approach to recent developments, while noting that it will be monitoring the situation closely with a view to further lending restrictions if needed" - Westpac

* "The government is moving too slowly and cautiously on housing, but actually there are many things it could do right now that would make a difference" - Green Party finance spokeswoman Julie Anne Genter

* "We don't see today's statement as meaningfully altering the risk profile for the monetary policy outlook. While it is still our forecast, we feel a June cut remains a line-ball call" - ANZ

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