Prime Minister John Key still frustrated with Reserve Bank
Prime Minister John Key has expressed further frustration about the Reserve Bank's response to rising house prices, saying that it should not need any more time to investigate stricter rules for property investors.
Reserve Bank deputy governor Grant Spencer last night said that the bank was considering new loan-to-value ratio (LVR) restrictions, but would not introduce them before the end of the year.
Spencer also told the Government to get its own house in order, by taking another look at its immigration and tax settings.
On Wednesday, the Prime Minister had urged the bank to target investors with tougher lending rules, saying it should "just get on with it".
