Mortgage News

New bank tools possibly days away: BNZ

Wednesday 5th of June 2013

Head of research Stephen Toplis has issued a commentary highlighting how concerned the central bank is about house prices rising – from a point where they were already considered overvalued.

Toplis said the speed with which the Bank had implemented its macroprudential tools – including the ability to enforce loan-to-value restriction – indicated it wanted to use them as soon as possible....

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