UPDATE: RBNZ keeps LVR restrictions in place as housing risks remain

Tue, 11 Nov 2014

(Adds comments from media conference, economist) By Paul McBeth Nov. 12 (BusinessDesk) - The Reserve Bank will retain restrictions on low-equity mortgage lending because governor Graeme Wheeler continues to see risks in the housing market, particularly given strong migration flows. The loan-to-value ratio restrictions, limiting the amount private banks can lend on a house with a deposit of 20 percent or less, have helped cool a buoyant property market since they were imposed in October last year, and higher interest rates have added to...

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