NZ dollar steady, interest rates dip as RBNZ holds LVR settings

NZ dollar steady, interest rates dip as RBNZ holds LVR settings
Jenny Ruth
By Jenny Ruth May 29 (BusinessDesk) - The New Zealand dollar was little changed although interest rates fell after the Reserve Bank held its loan-to-valuation restriction settings steady. The kiwi was trading at 65.42 US cents at 5pm in Wellington from 65.44 at 8am and the trade-weighted index was at 72.18 points from 72.17. The central bank said its LVR settings “remain appropriate for now” and that any further easing is subject to subdued credit growth and house prices continuing and to banks maintaining prudent lending standards....

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