COMMENT: New RBNZ rules less about today's heat - more about tomorrow's big chill
New rules restricting low deposit lending will probably have little effect on the current "overheated" housing market.
New rules restricting low deposit lending will probably have little effect on the current "overheated" housing market.
But that is not really what they are supposed to do.
Rather, the aim is to avoid too much of a chill on the economy during the next downward swing of the economic
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Rob Hosking
Thu, 22 Aug 2013
Thu, 22 Aug 2013
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COMMENT: New RBNZ rules less about today's heat - more about tomorrow's big chill
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