UPDATE: RBNZ wants more time before making any changes to LVRs

Wed, 30 May 2018

(Updates with comment from RBNZ press conference, economist comment) By Rebecca Howard May 30 (BusinessDesk) - New Zealand's credit growth has slowed and house price inflation has stabilised but the Reserve Bank wants more time before it eases loan-to-value restrictions any further. "Financial risk has lessened with both lending and house price growth slowing in the last 12 months – in part due to our imposition of loan-to-value (LVR) ratio restrictions," said governor Adrian Orr in his first financial stability report since taking o...

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