NZ central bank could force lenders to limit borrowings from August, economists say

Fri, 12 Jul 2013

By Tina Morrison July 12 (BusinessDesk) – New Zealand’s Reserve Bank, concerned about spiralling house prices causing financial instability, could force lenders to limit borrowings as early as next month, economists say. Submissions on the Reserve Bank’s proposal to restrict bank lending on low-equity loans closed on July 3. A summary of submissions, along with the central bank’s response, is likely to be published ahead of an updated Banking Supervision Handbook slated for release this month. That would pave the way for changes to be made as...

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