RBNZ: LVR rules to stay for now; banks warned to cool it
The LVR rules are still a "temporary measure." Removing them now would send the wrong signal, Graeme Wheeler says.
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Reserve Bank governor Graeme Wheeler today defied expectations he would remove the loan to value (LVR) restrictions, saying, in effect, it would send the wrong signal right now.
The LVR rules are still a "temporary measure", he says. However, the central bank's biannual financial stability report,
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Rob Hosking
Wed, 12 Nov 2014
Wed, 12 Nov 2014
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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RBNZ: LVR rules to stay for now; banks warned to cool it
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