Small gains from lifting mortgage curbs worth it – RBNZ

Thu, 30 Apr 2020

The Reserve Bank expects the 12-month suspension on mortgage lending restrictions will encourage banks to let borrowers defer repayments if needed. The central bank is pressing ahead with plans to suspend its limits on high loan-to-value house lending after also considering easing the restrictions or creating hardship exemptions. The Reserve Bank flagged the move last week, and confirmed it after a seven-day consultation period as it moves quickly to provide support to the nation’s financial system in the covid-19 crisis. Deputy govern...

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