The Reserve Bank is putting off its plan to force banks to hold more cash
The Reserve Bank is putting off its plan to force banks to hold more cash
11 November 2020
Deputy Governor Geoff Bascand says delaying tougher capital requirements will promote cashflow, confidence and stability.
But he says it remains committed to increasing them...probably in 2022.
It's also looking at bringing back loan-to-value ratios early next year...because of what it calls "higher-risk investor lending".
The Bank makes its regular Monetary Policy Statement this afternoon.
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