Kiwibank credit rating affirmed at AA but Fitch cautions on increasing competition & weaker capital position than rivals against backdrop of 'rapidly rising' house prices
RBNZ chooses 'speed limits' to contain banks' high LVR loans rather than outright caps on high LVR lending; Says it has no mandate to improve housing affordability
Finance Minister Bill English says RBNZ Governor Graeme Wheeler will decide if, and when, to use new tools designed to dampen excessive growth in credit and asset prices
Parent Commonwealth Bank of Australia says the pace of ASB's residential mortgage & business lending growth remained above overall market growth in the March quarter
BNZ CEO Andrew Thorburn questions whether the big banks holding more capital against home loans where borrowers have under 20% equity will address key housing market problems
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