English hints RBNZ may introduce additional curbs to housing market

Tue, 10 May 2016

By Tina Morrison May 10 (BusinessDesk) - Finance Minister Bill English hinted that the Reserve Bank may announce further restrictions to curb the country's housing market as part of its Financial Stability Report tomorrow, according to news reports. English was asked by reporters if the Reserve Bank should bring in further loan-to-value ratio controls to dampen lending growth in Auckland and other housing markets, as he headed to the National Party caucus meeting in parliament. "It's up to the bank," English said, according to a report...

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