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
ASB grows home loans by $1.7b over two quarters with $1.4b, or 84%, coming in lending where the borrower has deposit/equity worth less than 20% of the loan
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
Reserve Bank suggests it's not keen on exempting first home buyers from any LVR caps on home loans, nor on targeting LVR restrictions at regions such as Auckland
RBNZ to force big 4 banks to hold more capital to back high LVR mortgages from Sept 30; says will result in average increase in capital for housing of 12%
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