
Mortgage News
LVR limits won't affect OCR yet: ASB
Monday 21st of October 2013
The bank has released its latest Quarterly Economic Forecast, which says the economy is recovering and is on track to hit 3% growth next year.
Chief economist Nick Tuffley said Auckland in particular was being buoyed by the housing market.
As of this month, banks must restrict their low-deposit lending to no more than one in 10 new loans.
The Reserve Bank had said that depe...
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