Key tells Reserve Bank to 'get on with it' in imposing new lending restrictions

Tue, 05 Jul 2016

By Edwin Mitson July 5 (BusinessDesk) - Prime Minster John Key has indicated he'd support a move by the Reserve Bank to try to take the heat out of the property market by raising restrictions on lending to property investors. Reserve Bank deputy governor Grant Spencer is scheduled to give a speech on Thursday on macro-prudential policy and housing market risk. Earlier today state-owned valuer Quotable Value said property values in New Zealand were rising at their fastest pace in twelve years. The average value of a New Zealand home r...

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