Reserve Bank confirms LVR restrictions to ease

RBNZ deputy governor Christian Hawkesby. (Image: NZME)

Fri, 26 May 2023

The Reserve Bank of New Zealand confirmed it will ease mortgage loan-to-value ratio (LVR) restrictions after seeking feedback from banks in April.LVR restrictions were put in place to promote financial stability by limiting high-risk mortgage lending in order to reduce the “impact and severity” of housing market corrections, the Reserve Bank said. According to the central bank, the restrictions successfully built resilience in the financial system, which has been evident as house prices have fallen without widespread impacts to...

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