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NZ central bank warns of new rules to rein in home loans
Add BT as a preferred sourcePublished Wed, Nov 30, 2016 · 09:50 PM
Wellington
NEW ZEALAND'S central bank on Wednesday warned of significant risks from sky-rocketing house prices, saying yet more restrictions on mortgage lending might be needed if property prices continue to accelerate.
The Reserve Bank of New Zealand's (RBNZ) fears of a debt-fuelled property bubble suggest it is likely done cutting interest rates, after easing to a record low of 1.75 per cent earlier in November.
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