Tighter bank lending standards paved the way for LVRs easing
Grant Spencer indicated the Reserve Bank is comfortable with the approach the major banks are taking.
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Hawke’s Bay
The major banks have tightened their lending standards, particularly in lending on property development and that’s one of the factors contributing to the slowing housing market and the easing of loan-to-valuation ratio (LVR) restrictions.
In its latest financial stability report, the Reserve
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Jenny Ruth & Jason Walls
Wed, 29 Nov 2017
Wed, 29 Nov 2017
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Tighter bank lending standards paved the way for LVRs easing
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