New RBNZ rules tomorrow on Auckland home lending

Mon, 11 May 2015

By Pattrick Smellie May 12 (BusinessDesk) - Tomorrow's six-monthly Financial Stability Report from the Reserve Bank of New Zealand looks certain to include new policy to tighten lending restrictions for Auckland property investors, with deputy governor Geoff Bascand the latest in the line-up of senior central bank officials to hint at the form those rules might take. Speaking to the Otago Daily Times yesterday, Bascand discussed the potential to make regionally targeted interventions to try to cool property markets judged to be overheated...

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