Reserve Bank’s proposed new LVRs pave the way for interest rate cuts
Financial markets are interpreting the RBNZ's surprise announcement of proposed tightening of LVRs as another step toward cutting its OCR. With special feature audio.
The Reserve Bank’s plans to tighten mortgage lending restrictions have paved the way for it to cut the official cash rate (OCR) next month.
The New Zealand dollar fell nearly a US cent on news of the new restrictions and has fallen about 3.5% since last Thursday when the Reserve Bank said it was
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Jenny Ruth
Tue, 19 Jul 2016
Tue, 19 Jul 2016
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Reserve Bank’s proposed new LVRs pave the way for interest rate cuts
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