November 12, 2018 / 10:49 PM / a month ago

RBNZ could ease back LVR restrictions in 'coming years' -deputy governor

WELLINGTON, Nov 13 (Reuters) - Reserve Bank of New Zealand deputy governor Geoff Bascand on Tuesday said that if current lending and housing market conditions continued the bank would gradually ease back its loan-to-value ratio lending restrictions.

“Bank lending standards have tightened significantly and rapid growth in credit and house prices have stabilised,” he said in a speech to an Australasian financial conference in Sydney, which was published on the bank’s website. “If these conditions continue, we expect to gradually ease the policy in coming years.”

Reporting by Charlotte Greenfield and Praveen Menon Editing by Leslie Adler

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