RBNZ not ready to ease LVR speed limit
Central bank publishes latest financial stability report
The Reserve Bank of New Zealand (RBNZ) is not ready to lift the ‘speed limit' on mortgage lending in the country, as it is concerned about a potential "resurgence" in house price inflation.
Speaking at the launch of the central bank's latest financial stability report, RBNZ governor Graeme Wheeler said the loan-to-value restrictions – introduced in October 2013 – were a "temporary measure".
He welcomed the drop in house price inflation, which has fallen from 9.4% in September 2013 to 5% in
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