A Reserve Bank Bulletin article published today looks at the risks to financial stability posed by boom and bust cycles that are prevalent features of housing markets in advanced and developing economies around the world. The article finds that macroprudential actions aimed at mitigating risks from housing market cycles may be justified to help preserve financial stability and long-run economic growth.

Read the article: Financial stability risks from housing market cycles

A RBNZ press release Tuesday 19 July 2016