NZ central bank assessing whether more housing market curbs needed

Wellington

NEW Zealand's central bank said it is watching the nation's booming housing market to decide whether further restrictions are needed to curb demand.

"The Reserve Bank is closely monitoring developments to assess whether further financial policy measures would be appropriate," it said in Wellington on Wednesday in its semi-annual Financial Stability Report. "Imbalances in the housing market continue to increase, contributing to financial stability risk."