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NZ central bank says it won't relax loan curbs

There remains a risk of a resurgence in house-price inflation, particularly in light of strong immigration flows, says governor
Thursday, November 13, 2014 - 05:50
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'The softer housing market "is a welcome development" and eases one of the risks faced by the financial system.' - Reserve Bank of New Zealand Governor Graeme Wheeler

Wellington

NEW Zealand's central bank said it won't relax mortgage lending restrictions for now as surging immigration and low borrowing costs could re-ignite the housing market.

"There remains a risk of a resurgence in house-price inflation, particularly in light of strong