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RBNZ To Provide Advice On Mortgage Restrictions In Late May (Interest NZ)

RBNZ

The wait continues for those interested in whether or not the Reserve Bank (RBNZ) will go further to restrict bank mortgage lending. The RBNZ plans to respond in late-May to the Government's request for more information on restricting interest-only mortgages and lending to people seeking large mortgages compared to their incomes. Some observers may have expected the RBNZ to release this advice at the same time it publishes its biannual Financial Stability Report on May 5, to effectively kill two birds with one stone. But, the RBNZ told interest.co.nz: "We will be providing advice on policy options for responding to the Government's section 68B direction on housing-related matters late next month. "This will be released separately to the publication of the May Financial Stability Report."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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