Preston Rowe Paterson . New Zealand

The Reserve Bank of New Zealand announced on 27 November 2017, an easing of policy restrictions on Loan to value ratios by banks. The changes will take effect from 1 January 2018, the LVR restrictions will require that: No more than 15 percent (currently 10 percent) of each bank’s new mortgage lending to owner occupiers […]

Statement by New Zealand Reserve Bank Governor Grant Spencer: The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Global economic growth continues to improve, although inflation and wage outcomes remain subdued.  Commodity prices are relatively stable.  Bond yields and credit spreads remain low and equity prices are near record levels.  […]

NEWS RELEASE Date 7 November 2017   Renewed Policy Targets Agreement signed Finance Minister Grant Robertson and Reserve Bank Governor Grant Spencer today signed an unchanged Policy Targets Agreement (PTA), which sets out specific targets for maintaining price stability. The Minister also released today the Terms of Reference for a Review of the Reserve Bank […]