Speaking in Wellington

  • First home buyers to benefit from LVR easing
  • Expect tighter credit standards to continue
  • Dont know when lending limits will be fully removed
  • Credit growth, house prices key criteria in review
  • Considered LVR loosening in interest rate decision
  • LVR changes are not an attempt to bolster the housing market
  • We still think DTI's is appropriate to have in the macro-prudential toolkit
  • Has agreed with govt to postpone further consideration of DTI's over the next year