RBNZ expects house prices to rise

Wed, 28 Nov 2018

By Jenny Ruth Nov. 28 (BusinessDesk) - The Reserve Bank expects its latest easing of loan-to-valuation restrictions on bank mortgage lending will feed through into higher house prices. The central bank is also reinforcing its view that all banks will need to hold more capital and that the “big four” Australian-owned banks will have to stomach a smaller capital advantage over their smaller rivals. At the media briefing on the Reserve Bank’s latest Financial Stability Report, deputy governor Geoff Bascand acknowledged that the easing of...

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