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RBNZ's Spencer: LVR changes are not an attempt to bolster the housing market

RBNZ Governor Grant Spencer is hitting the wires, via Reuters, noting that first home buyers will benefit from LVR easing.

More headlines

  • Expect tighter credit standards to continue
  • Dont know when lending limits will be fully removed
  • Credit growth, house prices key criteria in review
  • Considered LVR loosening in interest rate decision
  • LVR changes are not an attempt to bolster the housing market
  • We still think DTI's is appropriate to have in the macro-prudential toolkit
  • Has agreed with govt to postpone further consideration of DTI's over the next year

RBNZ's Spencer: Expect tighter credit standards to continue

Reserve Bank Governor Grant Spencer is delivering a speech following the release of the Bank’s November Financial Stability Report. Headlines Expect
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NZD/USD: target, 0.6950, has the bird got wings for a test of the trend topside resistance?

NZD/USD has penetrated below the 50-hour SMA at 0.6906 but is finding the 100-hour SMA at 0.68 a barrier now that turbulence has calmed down after a f
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