Prime Minister Bill English has ruled out allowing the Reserve Bank to bring in debt-to-income ratios. It had suggested limiting loans to no more than five times borrowers’ incomes. [Read On]
Meanwhile, The Co-operative Bank lowers its three-year fixed rates. The changes pretty much bring them into line with its competitors. [See here]
| « ASB, Bank Direct and Sovereign move down | Suddenly two-year rates get interesting » |
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