fxstreet.com 08 Feb, 2021 21:30 am

RBNZ is reinstating LVR restrictions to pre covid level

RBNZ is reinstating LVR restrictions to pre covid level
The Reserve Bank of New Zealand says that it is putting in place more stringent LVR restrictions to reduce risks to financial stability caused by high

The Reserve Bank of New Zealand says that it is putting in place more stringent LVR restrictions to reduce risks to financial stability caused by high-risk mortgage lending More statements LVR restrictions do not apply to new residential construction.Says as of 1 March the reserve bank will be reinstating LVR restrictions at the same level they were set at prior to the onset of covid-19.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.

Says now concerned about the risk a sharp correction in the housing market poses for financial stability.The news has not impacted the forex space as this was well telegraphed in prior statements from the bank.

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