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OIL

Marginally Lower In Asia

BUND TECHS

(M2) Primary Trend Direction Remains Down

ASIA FX

China COVID Matters Remain Front & Centre

USD

USD Has Lost Some Shine

IDR

Trade Data Eyed

US TSYS

Screen Based Flows Push Space Lower

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RBNZ
RBNZ: The RBNZ notes that it "has today decided to remove mortgage loan-to-value
ratio (LVR) restrictions for 12 months. The decision was made to ensure LVR
restrictions didn't have an undue impact on borrowers or lenders as part of the
mortgage deferral scheme implemented in response to the COVID-19 pandemic. The
Reserve Bank's decision was made in line with its financial stability mandate.
The Bank reached its conclusion after reviewing a Regulatory Impact Assessment
and robust feedback received from submitters over the consultation period,
Deputy Governor and General Manager of Financial Stability Geoff Bascand says.
"The Reserve Bank received more than 70 submissions from members of the public
and industry, expressing a wide range of views. The Reserve Bank also directly
approached a number of NGOs - including Maori and Pasifika groups to make them
aware of the proposed changes, and to provide them a chance to provide feedback
on the proposals..."Views on the proposals were mixed, reflecting both the costs
and benefits of borrowing restrictions."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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