FT reports that the RBNZ to reimpose lending curbs over housing bubble fears
The Financial Times with a recap of Reserve Bank of New Zealand Governor Orr earlier today:
- RBNZ will reimpose mortgage lending restrictions from March
- Orr said the bank would reimpose loan-to-value restrictions on lenders that it eased in May
- added that the RBNZ would like to add debt-to-income restrictions to its macroprudential tool kit, a move that requires government approval
Link to the FT for more (may be gated).