Media Appearances

Media Appearances

NZ Adviser - Government compels RBNZ to “consider housing” when setting rates

- “There’s no single solution to our current housing affordability issues, which is a complex challenge,” said Beaumont. “Potential responses include addressing both supply and demand issues. Today’s announcement is more about managing the demand side, and what mechanisms the Reserve Bank has available to do that.
Media Appearances

Stuff - Bank closure irks Waimate District councillors

- NZBA chief executive Roger Beaumont said the hub trials will run for 12 months and “Only then will we be able to assess if the communities where the trials are based found them useful, and whether they could form the basis of banking services in places where branches are no longer viable due to lack... Read more »
Media Appearances

Interest.co.nz - With a debt-to-income ratio tool back on the table, Gareth Vaughan looks at the political and other challenges the RBNZ needs to overcome to be granted the financial stability tool

- In its response to the 2017 consultation, bank lobby group the New Zealand Bankers’ Association  argued the evidence linking high-DTI loans and default was weak, with job loss having the most significant impact on the likelihood of loan default. NZBA suggested a serviceability interest rate as a potential alternative.
Media Appearances

Stuff - Law firms next target of living wage push

- Banking became the first industry to become fully living wage accredited in July. Seventeen members of the New Zealand Bankers’ Association pledged to pay staff and contractors (including cleaners and security guards) at least a living wage. An estimated 1800 people received a pay rise as a result.