RBNZ assessing whether further home loan restrictions needed, says Auckland prices are 'stretched'

Tue, 10 May 2016

By Jonathan Underhill May 11 (BusinessDesk) - The Reserve Bank is considering whether to impose further home-loan restrictions amid signs that price pressures are re-emerging, especially in Auckland where prices "remain stretched". Governor Graeme Wheeler stopped short of announcing any specific new measures in the six-monthly Financial Stability Report released today but said the central bank is "closely monitoring developments to assess whether further financial policy measures would be appropriate". “Imbalances in the housing market...

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