Reserve Bank mulls reimposing LVRs, delays bank capital requirement

Wed, 11 Nov 2020

The Reserve Bank of New Zealand is looking to reinstate loan-to-value ratio restrictions on high-risk lending on March 1, 2021 in a bid to douse the hot housing market.The bank will consult with the market in December, said deputy governor Geoff Bascand.“Circumstances in the lending market have since improved and we are now observing rapid growth in higher-risk investor lending. We will consult about re-instating the restrictions we had in place pre-covid, which limited the amount of high-risk lending that banks could make,” Bascand...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

The Quiz Free

QuiznessDesk: Thursday, Oct 31

One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

The Quizmaster 9:15am