Today we have run a piece from ASB which, we felt, very well summarised what is happening in the market around the proposed lending restrictions the Reserve Bank is looking to introduce. You will hear more about this today when we publish some numbers from the latest bank general disclosure statements which detail each banks lending.
There will also be a speech from the RBNZ governor on the LVR topic at 2pm today. We will report on that too.
Till then have a read of this piece.
| « Floating rates set to go close to 8% | Bank customers will be disadvantaged by lending restrictions; BNZ hikes » |
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