I am only reading headlines now as my intelligence is limited but Adrian Orr is finalising some measures to cool the housing market.
https://www.msn.com/en-nz/money/news...edgdhp&pc=U531
Debt to Income ratios (DTI). That makes sense rather than raise interest rates or not shovel money into banks through Large Scale Asset Purchases when it looks like the housing market might fall Adrian sees DTI's as the solution. Rather than let the housing market fall/correct until houses become affordable again he sees stopping poor people from buying houses as the best solution. Maybe that takes the instability out of the market without prices dropping.
What a genius.