RBNZ Leaves Home Lending Regulations Unchanged After Review
Dow Jones
Aug 14
2321 GMT - The Reserve Bank of New Zealand has left current rules governing home-loan limits unchanged. The RBNZ's financial policy committee says it will maintain current loan-to-valuation ratios. The FPC considered house-price developments, the risk profile of recent mortgage lending, financial strain among existing borrowers and the resilience of the banking system, the RBNZ says. Housing risks are currently contained and house prices have remained broadly flat in recent years. Mortgage-lending growth has been modest and the share of higher-risk lending remains manageable, it says. Current debt-to-income restrictions also remain in place, it adds.
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