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Business
4 mins to read

Reserve Bank moves to dampen housing market

Tighter lending restrictions aimed at protecting first-home buyers.

The Reserve Bank is pursuing further measures to take the heat out of the housing market and will consult with banks about introducing tighter mortgage lending criteria from October. The move is aimed at protecting first-home buyers from over-extending themselves financially.

Deputy Governor

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Daniel Riordan Tue, 03 Aug 2021
Contact the Writer: daniel@nbr.co.nz
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Reserve Bank moves to dampen housing market
Business,
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