RBNZ says banking system risks have eased, loosens LVRs

Tue, 27 Nov 2018

By Jenny Ruth Nov. 28 (BusinessDesk) - As widely expected, the Reserve Bank has further eased its loan-to-valuation restrictions on banks’ mortgage lending and the central bank said the risks to the country's financial system have eased in the last six months. In its latest financial stability report, the central bank said that “both mortgage credit growth and house price inflation have eased to more sustainable rates, reducing the riskiness of banks’ new housing lending.” Nevertheless, it said vulnerabilities persist and households in...

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