The Department of Finance and a number of agencies, including the Bank of Canada, worked together to mitigate this growing systemic vulnerability. The Bank’s analysis of household debt and house prices helped inform the regulatory changes that were adopted. The federal government tightened rules for government-supported mortgage insurance, including increasing minimum down payments.
We at the Central Bank will do our best to ensure that the exchange rate is not pricing the traditional exports of Papua New Guinea uncompetitive in the international commodity markets. 2  BIS Review 112/2010  It is of paramount importance to commence the planning of the shift in the priorities now, to ensure that the 2011 budget reflects them.