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Reserve Bank ‘asking for trouble’ with cheap lending, ‘completely out of touch’ – economist Shamubeel Eaqub – Newshub

He wants Grant Robertson to step in and order the Reserve Bank to stop pouring fuel on the housing market fire.

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Eaqub says Robertson, Finance Minister, needs to rein the Reserve Bank in – even if it goes against the idea the bank is meant to operate independently of the Government.
“We should interfere because they’re not doing their job. Their job is to look after how much money there is in the economy and where it turns up. Right now it’s not turning up equitably…. House lending is going up like this, and there is no lending growth when it comes to businesses and farms – the bits that actually create…

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