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Reserve Bank looks to bring back lending restrictions

Wednesday 11th of November 2020

In an announcement this morning, the Reserve Bank said it would begin a consultation next month about re-instating LVR restrictions on high-risk lending.

LVR restrictions were scrapped in May for one year, yet the RBNZ appears to be performing a U-turn, amid record growth in house prices.

If LVRs return, they would kick in again from March 1, 2021, the central bank said.

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