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Macroprudential tools

RBNZ sitting tight on LVR restrictions

Deputy Governor Grant Spencer tells interest.co.nz the RBNZ's plans for the future of its LVR restrictions will be revealed in November's Financial Stability Report

Monday's guest Top 10

Kirdan Lees on tweeting economists, happiness indices versus GDP, Janet Yellen & asset bubbles, US fuel efficiency, GDP flaws, optimal immigration, Dilbert & more

Kiwibank welcomes levelled playing field

Removal by RBNZ of requirement for Kiwibank 'double dipping' for capital requirements, and alignment with big 4, cheered by state owned bank

'New UK mortgage limit better than RBNZ's'

NZIER says Bank of England's new tool to manage financial stability is better than RBNZ's high LVR limits which don't take into account households’ long-term ability to service debt

Why high LVR lending refuses to grow

Unintended consequences of the RBNZ's LVR policy could involve borrower self regulation and lender wariness of new regulatory restrictions

House prices rise again

QV says house prices rose, but annual growth slowed  to 8.2% from 8.4% in past month; average price edges up to $471.8k; Auckland prices up 13.1%

RBNZ may look at mortgage servicing limits in long term

In wake of Bank of England talk of capping mortgage to income multiples, RBNZ points to May 2013 comments that it may look at debt servicing limits in future; NZ Initiative warns against intervention; Labour calls for Government action to prevent mortgage caps

Auckland median house price rises

Barfoot & Thompson May sales down 13.6% on a year ago; median price up in month to $645k from $619.5k in April

'Banks will need to be careful'

Banks will need to tread carefully if the RBNZ removes LVR restrictions on home loans, new BNZ CEO Anthony Healy says

LVRs hit house sales more than RBNZ expected

Reserve Bank says the 11% fall in house sales volumes from October to March was ahead of its expectations for the first 12 months of LVRs