The risk of a resurgence in the housing market means lending restrictions should be left in place for some time, the Reserve Bank says.
In speech to mark the end of his five years as governor, Graeme Wheeler outlined what it might take for the central bank to begin loan to value ratio restrictions (LVRs) on residential housing.
The rules limit the amount of highly leveraged lending banks can have in their residential mortgage portfolio.
​Amid signs that the housing market is turning, Prime Minister Bill English made pointed comments earlier this month that the Reserve Bank should outline what needed to happen for the rules to be relaxed or removed.
from Ellie NZ Rss http://www.stuff.co.nz/business/96331607/Risk-of-house-price-recovery-means-lending-limits-should-stay-in-place-RBNZ
from
https://ellieplume83.wordpress.com/2017/08/31/risk-of-house-price-recovery-means-lending-limits-should-stay-in-place-rbnz/
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